The Canliss Milling Company purchased machinery on January 2, 2019, for $850,000. A five-year life was estimated and no residual value was anticipated. Canliss decided to use the straight-line depreciation method and recorded $170,000 in depreciation in 2019 and 2020. Early in 2021, the company changed its depreciation method to the sum-of-the-years-digits (SYD) method. Required: 2. Prepare any 2021 journal entry related to the change.

Journal entry worksheet Record the adjusting entry for depreciation in 2021. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal