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During 2018 Year of Operational Chapter 20 HW Help Save & E Exercise 20-10 Change in depreciation methods [LO20-3) 10 For financial reporting, Clinton Poultry

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During 2018 Year of Operational Chapter 20 HW Help Save & E Exercise 20-10 Change in depreciation methods [LO20-3) 10 For financial reporting, Clinton Poultry Farms has used the declining Nance method of depreciation for conveyor equipment acquired at the beginning of 2015 for $2720,000. Its useful le was estimated to be six years with a $200,000 residual value. At the beginning of 2018. Clinton decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows is in 000k Year Straight e ning balance Difference Required: 2. Prepare any 2018 journal entry related to the change. Enter your answers in dollars rounded to is required for a transaction event, select "No journal entry required in the first account field.) View transaction lit Journal entry worksheet Record the adjusting entry for depreciation in 2018 Ertier de bele cres. General Journal Debit Credit MacBook Air

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