Swed Chapter 11 Assessment 6 For financial reporting, Clinton Poultry Farms has used the declining balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $2,880,000 its useful life was estimated to be four years, with a $168,000 residual value At the beginning of 2021 Clinton decides to change to the straight line method. The effect of this change on depreciation for each year is as follows: (5 in thousands) Year Straight Line Declining Balance Difference $57 $762 720 2010 30 (316) 53,034 $3,50 $ 480 Required: 2. Prepare any 2021 joumal entry related to the change (if no entry is required for a transaction/event, select "No Journal entry required in the first account field. Enter your answers in whole dollars.) View ration Journal entry worksheet Record depreciation expense entry for 2021. Debit + Coral Der Federation try CH