Colorado Consulting Company has been using the sum-of-the-years'-digits depreciation method to depreciate some office equipment that was acquired at the beginning of 2014. At the beginning of 2016, Colorado Consulting decided to change to the straight-line method. The equipment cost $114,000 and is expected to have no salvage value. The estimated useful life of the equipment is five years. Ignore income taxes.

Required:

1.	Prepare the appropriate journal entry, if any, to record the accounting change 2. Prepare the journal entry to record depreciation for 2016.