Exercise 20-10 Change in depreciation methods [LO20-3] For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2015 for $2,688,000. Its useful life was estimated to be six years with a $192,000 residual value. At the beginning of 2018, Clinton decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows ( in 000s) Year Straight- 2015 2016 2017 Declinin Balance $ 896 597 398 $1,891 Difference Line $480 181 $ 416 416 416 $1,248 (18) $643 Required: 2. Prepare any 2018 journal entry related to the change. (Enter your answers in dollars rounded to the nearest thousand. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the adjusting entry for depreciation in 2018. Note: Enter debits before credits. Event General Journal DebitCredit Record entry View general journal Clear entry