Eddlebrock Manifolds, Inc. acquired the following assets in January 2018: Manufacturing Equipment Cost: $875,000, estima

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Eddlebrock Manifolds, Inc. acquired the following assets in
January 2018:
Manufacturing Equipment
Cost: $875,000, estimated service life 8 years; with $215,000
salvage value.
Building for a Warehouse and Shop
Cost: $2,458,750 estimated service life 25 years; no salvage
value.
The equipment has been depreciated using the sum of the year’s
digits method for the first 3 years for financial reporting
purposes. In 2021, the company decided to change the method of
computing depreciation to the straight-line method for the
equipment, but no change was made to the estimated service life or
salvage value.
The company also decided to change the estimated remaining
service life of the building to 20 years as of January 1, 2021,
with estimated salvage value still zero. The building has been
depreciated on the straight-line method and this method will
continue to be used.
Required: