E $11-24$ Change in principle; change in depreciation methods $$ LO$11-2,$ L$011-6$

Alteran Corporation purchased office equipment for $$1\mathrm{.}5$ million at the beginning of $2022.$ The equipment is being depreciated

over a $10-$year life using the double$-$declining$-$balance method. The residual value is expected to be $$300,000.$ At the beginning of

$2024($two years later$),$ Alteran decided to change to the straight$-$line depreciation method for this equipment.

Required:

Prepare the journal entry to record depreciation for the year ended December $31,2024.$