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Business, 11.11.2019 23:31 sanafarghal

Acompany changes from the straight-line method to an accelerated method of calculating depreciation, which will be similar to the method used for tax purposes. the entry to record this change will include a1. credit to accumulated depreciation.2. credit to deferred tax liability.3. debit to retained earnings in the amount of the difference on prior years.4. debit to deferred tax asset.

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