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Business, 13.07.2019 01:30 taetae83

The canliss milling company purchased machinery on january 2, 2016, for $800,000. a five-year life was estimated and no residual value was anticipated. canliss decided to use the straight-line depreciation method and recorded $160,000 in depreciation in 2016 and 2017. early in 2018, the company changed its depreciation method to the sum-of-the-years’-digits (syd) method. 1. briefly describe the way canliss should report this accounting changein the 2017-2018 comparative financial statements. 2. prepare any 2018 journal entry related to the change.

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The canliss milling company purchased machinery on january 2, 2016, for $800,000. a five-year life w...
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