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The Canliss Milling Company purchased machinery on January 2, 2019. for $910.000. A five-year life...

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The Canliss Milling Company purchased machinery on January 2, 2019. for $910.000. A five-year life was estimated and no residual value was anticipated. Canliss decided to use the straight-line depreciation method and recorded $182,000 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 Record the adjusting entry for depreciation in 2021. Note: Enter debits before credits Event General Journal Debit Credit 1 Record entry Clear entry View general journal

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