The amount of the change in accumulated depreciation is, Ask an Expert

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On January 2, 2011, Tobias Company began using straight-line depreciation for a certain class of assets. In the past, the company had used double-declining-balance depreciation for these assets. As of January 2, 2011, the amount of the change in accumulated depreciation is $40,000. The appropriate tax rate is 40%.what the separately reported change in 2011 earnings is:

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M980127

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