gandrum company purchased equipment on jan 1 2015 for $913,000. the equipment was expected to have a useful life of 10 years and a salvage value of 31,400$. gandrum usee the straight line depreciation method. at the beginning of 2020, gandrum determined the total estimated life of the equipment was 13 years and the residual value would be 9,800$ at the end of that time.

REQUIRED: prepare any entry needed in 2020 to account for this change

Aequirent Gerew Jovew hansesen Cenceat deurnel hitriketent Mesulrata. Prepare any entry needod in 2020 to account for this change. Record depreciation expense for 2020 on December 31 , 2020. Genoral voumal lastructions Prepare any entry needed in 2020 to account for this change. Recond depreciation expense for 2020 on Docomber 31 . Ro20. General voumal instructions