Turner Corporation elected to change its method of depreciation from the double-declining balance method to the straight-line method at the beginning of the current year. It acquired the equipment two years ago on January 1 for $310,000. The original estimated useful life was ten years with an original scrap value of 533,000. The company is subject to a 40% income tax rate. Requirements a. Prepare the journal entry to record the change in depreciation method. b. Draft a footnote disclosure for the change in depreciation method Requirement a. Prepare the joumal entry to record the change in depreciation method. (Record debits first, then credits. Exclude explanations from any journal entries.) December 31, Current Year Account