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Brief Exercise 22-4 Tedesco Company changed depreciation methods in 2017 from double-declining-balance to straight-line. Depreciation prior to 2017 under double-declining-balance was $90,000, whereas straight- 2017
Brief Exercise 22-4 Tedesco Company changed depreciation methods in 2017 from double-declining-balance to straight-line. Depreciation prior to 2017 under double-declining-balance was $90,000, whereas straight- 2017 Prepare the 2017 journal entry related to Tedesco's depreciable assets (Equipment). (Credit account titles are automatically indented when amount is entered. Do not indent manually. If line depreciation prior to 2017 would have been $50,000. Tedesco's depreciable assets had a cost of $250,000 with a $40,000 salvage value, and an 8-year remaining useful life at the beginning of no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Qpen Show Work
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