Venice Company purchased a gondola for $443,850 (no residual value) at the beginning of 2018. The gondola was being depreciated over a 10-year life using the sum-of-the-years'-digits method. At the beginning of 2021, it was decided to change to straight-line. Ignoring taxes, the 2021 adjusting entry will include a debit to depreciation expense of:

Multiple Choice

• $21,789

• $44,385

• $32,280

• $22,596

Doug Smith Industries purchased warehouses for $77 million (no residual value) at the beginning of 2018. The warehouses were being depreciated over a 10-year life using the sum-of-the-years'-digits method. At the beginning of 2021, management decided to change to straight-line. Ignoring taxes, the 2021 adjusting entry will include a debit to depreciation expense of: (Round your answer to 2 decimal places.):

Multiple Choice

• $37.80 million

• $5.60 million

• $7.70 million

• $39.20 million