Recording Depreciation with a Change in Depreciation Method

Pier Exports purchases equipment on January $1$ at a cost of $$112,500.$ The company estimates that there will be no salvage value and that the equipment will have a useful life of $10$ years. The company elects to use the doubledeclining$-$balance method for the first three years, after which the company will change to the straight$-$line method of depreciation for the equipment.

Required

a$.$ Compute annual depreciation expense for Year $1$ through Year $3.$

b$.$ Prepare the depreciation entry for the end of Year $4.$

Note: Round your final answers to the nearest whole number.

a$.$

$\backslash$table$[[$Year$,$Annual depreciation expense$],[$Year $1,22,500],[$Year $2,18,000],[$Year $3,14,400]]$

b$.$

$\backslash$table$[[$Date$,$Account Name,Dr$.,$Cr$.],[$Dec$.31,$ Year $4,,0,01$