Doug Smith Industries purchased warehouses for $154 million (no residual value) at the beginning of 2021. The warehouses were being depreciated over a 10-year life using the sum-of-the-years'-digits method. At the beginning of 2024, management decided to change to straight-line. Ignoring taxes, the 2024 adjusting entry will include a debit to depreciation expense of:

Note: Round your answer to 2 decimal places.

Multiple Choice

$15.40 million.

$78.40 million.

$75.60 million.

$11.20 million.