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Check my work For financial reporting, Clinton Poultry Farms has used the declining-balance method of dep preciation for conveyor equipment acquired at the beginning of
Check my work For financial reporting, Clinton Poultry Farms has used the declining-balance method of dep preciation for conveyor equipment acquired at the beginning of 2015 for $2,700,000. Its useful life was estimated to be six years, with a $240,000 residual value. At the beginning of 2018, Clinton decides to change to the straight-line method. T he effect of this change on depreciation for each year is as follows: ($ in 000s) g Bal $ 900 600 400 $1,900 2015 2016 2017 410 410 $490 190 (10) 31,230.09670 $670 Required 2. Prepare any 2018 journal entry related to the change. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) Journal entry worksheet Record depreciation expense entry for 2018
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