Barton Inc. changed the method of calculating depreciation on its equipment from straight-line to double-declining-balance during 2023.

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Barton Inc. changed the method of calculating depreciation on its equipment from straight-line to double-declining-balance during 2023. The cumulative effect of the change is an additional expense of $46,000 related to prior years. The tax benefit is $13,000. Record the entry on December 31, 2023.

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Fundamental Accounting Principles Volume 2

ISBN: 9781260881332

17th Canadian Edition

Authors: Kermit D. Larson, Heidi Dieckmann, John Harris

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