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For financial reporting, Kumas Poultry Farms has used the decliningbalance method of depreciation for conveyor equipment acquired at the beginning of 2 0 2 1

For financial reporting, Kumas Poultry Farms has used the decliningbalance method of depreciation for conveyor equipment acquired at the beginning of 2021 for $2,752,000. Its useful life was estimated to be six years with a $208,000 residual value. At the beginning of 2024, Kumas decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows:
\table[[,($ in thousands)],[Year,\table[[Straight-],[Line]],\table[[Declining],[Balance]],Difference],[2021,$424,$917,$493
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