(Answered) Question - headland company changed depreciation methods in

Accounting

Question - Headland Company changed depreciation methods in 2017 from double-declining-balance to straight-line. Depreciation prior to 2017 under double-declining-balance was $97,100, whereas straight-line depreciation prior to 2017 would have been $49,600. Headland's depreciable assets had a cost of $254,300 with a $42,000 salvage value, and an 8-year remaining useful life at the beginning of 2017.

Prepare the 2017 journal entry related to Headland's depreciable assets (Equipment).

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