This question was answered and the general journal was wrong

tion.com Chapter 11 HW 21. 10.00 points Alteran Corporation purchased office equipment for $1.2 million in 2013. The equipment is being depreciated over a 8-year life using the sum-of-the-years-digits method. The residual value is expected to be $600,000. At the beginning of 2018, Alteran decided to change to the straight-line depreciation mehod for this machine. Required: Prepare the 2016 depreciation adjusting entry Of no entry is required for a transactionlevent, "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record depreciation expense entry for 2016. Note: Enter debits before credits Journal Debit 50,000 50,000 Cash View general journal Clear entry Record entry