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On January 2, 2024, Tobias Company began using straight-line depreciation for a certain class of assets. In the past, the company had used double-declining-balance depreclation

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On January 2, 2024, Tobias Company began using straight-line depreciation for a certain class of assets. In the past, the company had used double-declining-balance depreclation for these assets. As of January 2, 2024, the amount of the change in accumulated depreciation is $47,500. The appropriate tax rate is 25%. The separately reported change in 2024 earnings is

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