On January 1, Year 7, Choufleur Corp. purchased a machine having an estimated useful life of 8 years and no salvage value. The machine was depreciated by the double-declining-balance (DDB) method for both financial statement and income tax reporting. On January 1, Year 9, Choufleur justifiably changed to the straight-line method for both financial statement and income tax reporting. Accumulated depreciation at December 31, Year 8, was $575,000. If the straight-line method had been used, the accumulated depreciation at December 31 , Year 8, would have been $300,000. The retroactive adjustment to the accumulated depreciation account on January 1 , Year 9 , as a result of the change in depreciation method is $300,000 $275,000 $0 $575,000