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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 declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2021 for $2,816,000. Its useful life was estimated to be six years with a $224,000 residual value. At the beginning of 2024, Kumas decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows:
\table[[,($ in thousands)],[Year,Straight-,Declining,],[2021,Line,Balance,Difference],[2022,$432,$938,$506
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