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On January 2, 20xx, Snow Company began using straight-line depreciation for a certain class of assets. In the past, the company had used double-declining -balance
On January 2, 20xx, Snow Company began using straight-line depreciation for a certain class of assets. In the past, the company had used double-declining -balance depreciation for these assets. As of January 2, 20xx, the amount of the change in accumulated depreciation is $120,000. The appropriate tax rate is 25%. The separately reported change in 2021 earnings is:
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