Recording a Change in Accounting Estimate Epsom Company purchased a machine that cost $100,000 on January 1, 2012. The estimated useful life was 12 years, and the estimated residual value was $0. Straight-line depreciation is used. At the start of 2020, before making any adjusting entry to record depreciation expense for that year, the company decided that the machine should be depreciated over a 15-year total useful life. a. Prepare the adjusting entry at December 31, 2020, for annual depreciation expense. Round the answers to the nearest dollar. Account Name Depreciation Expense Accumulated Depreciation Dr. Cr. 1,333 x 0 1,333 x