The Canliss Milling Company purchased machinery on January 2, 2019, for $890,000. A five-year life was estimated and no residual value was anticipated. Canliss decided to use the straight-line depreciation method and recorded $178,000 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

The Canliss Milling Company purchased machinery on January 2, 2019, for $890,000. A five-year life was estimated and no residual value was anticipated. Canliss decided to use the straight-line depreciation method and recorded $178,000 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. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet References Record the adjusting entry for depreciation in 2021. Note Enter de bote credits Event Debit Credit General Journal Depreciation experso Accumulated depreciation Mordy Ciemy View general journal