Recording a Change in Depreciation Method Quest Company acquired equipment on January 1 of Year 1 for $540,000. The life of the equipment was estimated to be 10 years with a $9,000 residual value. At the beginning of Year 6 , the company changes its depreciation method to the straight-line method from the double-declining balance method. Required a. Compute annual depreciation expense for Year 1 through Year 5. b. Prepare the Year 6 entry for depreciation expense. - Note: Carry all decimals in calculations; round final answers to the nearest dollar