Gonzaga Company has used the double-declining-balance method for depreciation since it started business in 2014. At the beginning of 2018, the company decided to change to the straight-line method. Depreciation as reported and what it would have been reported if the company had always used straight-line is listed below:

Straight-

Year LIne DDB

2014 32,000 64,000

2015 35,000 50,000

2016 39,000 58,000

2017 39,000 48,000

Required:

What journal entry, if any, should Gonzaga make to record the effect of the accounting change (ignore income taxes)? Explain.