In 20x8 a company changes from the straight-line method of, Ask an Expert

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In 20x8, a company changes from the straight-line method of depreciation to the double-declining-balance method. Depreciation taken prior to the change was $4,000, but would have been $9,000 if the new method had been used all along. Ignoring taxes, what should be done to account for the change? The $5,000 difference should be ??

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M943711

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