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On January 2, 2024, Snow Company began using straight-line depreciation for a certain class of assets. In the past, the company had used doubledeclining-balance depreciation
On January 2, 2024, Snow Company began using straight-line depreciation for a certain class of assets. In the past, the company had used doubledeclining-balance depreciation for these assets. As of January 2, 2024, the amount of the chation is $120,000. The appropriate tax rate is 25%. The separately reported change in 2024 earnings is: Multiple Choice an increase of $120,000. a decrease of $120,000. an increase of $90,000. none of these answer choices is correct
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