Gundrum Company purchased equipment on January 1, 2015 for $888,200. The equipment was expected to have a usefut ife of 10 years and a salvage value of $29, ono. Gundrum uses the straight-line method of depreciation. At the beginning of 2020 , Gundrum deterinined the lotal estimated lle of the equipment was 13 years and the residual value would be $10,000 at the end of that fime. Pequired: Prepare any entry needed in 20a0 to account for inis change