Collins Corporation purchased office equipment at the beginning of 2011 and capitalized a cost of $1,904,000. This cost figure included the following expenditures:

Purchase price	$	1,770,000
Freight charges		22,000
Installation charges		12,000
Annual maintenance charge		100,000
Total	$	1,904,000

The company estimated an eight-year useful life for the equipment. No residual value is anticipated. The double-declining-balance method was used to determine depreciation expense for 2011 and 2012.

In 2013, after the 2012 financial statements were issued, the company decided to switch to the straight-line depreciation method for this equipment. At that time, the company