Question - Bandera Corporation has been using the straight-line depreciation method to depreciate some office equipment that was acquired at the beginning of 2012. At the beginning of 2015, Pinnacle decided to change to the sum-of-the-years'-digits method. The equipment cost $150,000 and is expected to have no salvage value. The estimated useful life of the equipment is five years. The tax rate is 35%.
Required: Prepare the journal entry, if any, to record the accounting change at the beginning of 2015.