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On January 1, 2014, garr Company acquired machinery at a cost of $320000. The machinery was being depreciated using the double declining method. It had
On January 1, 2014, garr Company acquired machinery at a cost of $320000. The machinery was being depreciated using the double declining method. It had an estimated useful life of 8 years and no residual value. At the beginning of 2016, garr changed to the straight line method of depreciation . Prepare any journal entry required to account for this change.
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