Mobic Inc, acquired some manufacturing equipment in January 2018 for $ 400,000 and depreciated it $40,000 each year for three years on a straight-line basis. During 2021, the manufacturer announced a new technology for this type of equipment that will make the old models obsolete by the end of 2024. As a result, Mobic will plan to replace the equipment at that time. Effectively reducing the asset's life from ten to seven years. in its financial statements for 2021, how should Mobic report change?