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Venice Company purchased a gondola for $446,050 (no residual value) at the beginning of 2021...

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Accounting

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Venice Company purchased a gondola for $446,050 (no residual value) at the beginning of 2021 . The gondola was being depreciated over a 10 -year life using the sum-of-the-years'-digits method. At the beginning of 2024 , it was decided to change to straight-line. Ignoring taxes, the 2024 adjusting entry will include a debit to depreciation expense of: Multiple Choice $32.440 $44,605 $22708

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