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For financial reporting, Kumas Poultry Farms has used the declining - balance method of depreciation for conveyor equipment acquired at the beginning of 2 0
For financial reporting, Kumas Poultry Farms has used the decliningbalance method of depreciation for conveyor equipment acquired at the beginning of for $ Its useful life was estimated to be six years with a $ residual value. At the beginning of Kumas decides to change to the straightline method. The effect of this change on depreciation for each year is as follows:
table$ in thousandsYearStraightDeclining,Line,Balance,Difference$$$
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