On January 1, 2018, Pina Corporation purchased a building to use as its factory, and some equipment to manufacture its product. The following information was assumed at the time of purchase: Cost Useful Life Residual Value Building $6,800,000 25 years $98,000 Equipment $461,000 15 years $20,000 The building was depreciated using the double-declining balance method, and the equipment was depreciated using the straight-line method. On January 1, 2022, Pina decided to change the depreciation method for the building to the straight-line method, as a result of a change in the pattern of benefits received. Pina also decided that the equipment would have a total useful life of only 8 years, with a residual value of only $3,800. Prepare the journal entries to record depreciation for both assets for 2022 ignore income taxes.

Account Titles and Explanation	Debit	Credit
(To record depreciation expense for buildings.)
(To record depreciation expense for equipment.)