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August 5, 2015

Homework Help: Intermediate Accounting

Posted by Jeniffer on Sunday, February 7, 2010 at 6:29pm.

A company changes from straight-line to an accelerated method of calculating depreciation, which will be similar to the method used for tax purposes. The entry to record this change should include a debit to retained earnings i nthe amount of the difference on prior years?

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