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Venice Company purchased a gondola for $440,000 (no residual value) at the beginning of 2015. The gondola was being depreciated over a 10-year life using

Venice Company purchased a gondola for $440,000 (no residual value) at the beginning of 2015. The gondola was being depreciated over a 10-year life using the sum-of-the-years'-digits method. At the beginning of 2018, it was decided to change to straight-line. Ignoring taxes, the 2018 adjusting entry will include a debit to depreciation expense of:

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