only need #2, the first one is correct and the answer is depreciation expense debit to $2,127.

accumulated depreciation credited to $2,127

During 2019 and 2020, Faulkner Manufacturing used the sum-of-the-years-digits (SYD) method of depreciation for its depreciable assets, for both financial reporting and tax purposes. At the beginning of 2021 Faulkner decided to change to the straight-line method for both financial reporting and tax purposes. A tax rate of 25% is in effect for all years. For an asset that cost $27,000 with an estimated residual value of $1,000 and an estimated useful life of 10 years, the depreciation under different methods is as follows: Year Straight Line SYD Difference 2019 $2,600 $4,727 $2,127 2.600 4,255 1,655 $5,200 $8,982 53,782 2020 Required: 1. Prepare the journal entry thot Faulkner will record in 2021 related to the change. 2. Suppose instead that Faulkner previously used straight-line depreciation and changed to sum-of-the-years- digits in 2021. Prepare the journal entry that Faulkner will record in 2021 related to the change