Manchester Manufacturing purchased a machine on January 1, 2007, for $50,000. At the time, it was determined that the machine had an estimated useful life of 10 years and an estimated residual value of $2,000. The company used the double-declining balance method of depreciation. On January 1, 2011, the company decided to change its depreciation method from double-declining balance to straight line. The machine's remaining useful life was estimated to be five years with a residual value of $500. Give the entry required to record the company's depreciation expense for 2011.