Following an internal audit of Wilkinson Limited, a manufacturing company for the year $2023,$ the following items were brought to the attention of the Accountant. The Accountant is unsure how to proceed. She has hired you as a consultant to assist her. $1.$ Wilkinson Company changed depreciation methods in $2023$ from doubledeclining$-$balance to straight$-$line. The accumulated depreciation prior to $2023$ under double$-$declining$-$balance was $$90,000,$ whereas the straight$-$line accumulated depreciation prior to $2023$ would have been $$50,000.$ Wilkinson$$s depreciable assets had a cost of $$250,000,$ with a $$40,000$ residual value and an $8-$year remaining useful life at the beginning of $2023.$

Requirements $($based on IFRS$)$:

I. Discuss the appropriate accounting treatment for the above.

II$.$ Prepare the $2023$ journal entry related to the depreciable assets, if necessary. Ignore income tax effects. Show workings