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A publicly traded corporation changes from straight-line depreciation to double declining balance. Management believes that this will result in equally reliable and more relevant information.

A publicly traded corporation changes from straight-line depreciation to double declining balance. Management believes that this will result in equally reliable and more relevant information. The change will be treated as a change in accounting estimate. The entry to record this change should include a

no entry is needed.

credit to Other Comprehensive Income.

credit to Deferred Tax Asset.

debit to Accumulated Depreciation.

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