Question 37 Not yet answered Marked out of 100 Question BLARNEY Company provides the following information: Until December 31 2019, Machinery which was purchased for $100,000 in 2017 was depreciated using the straight-line method of depreciation. The annual depreciation charge was $20,000. On January 12020, BLARNEY Company switched to double declining balance depreciation for this asset. The depreciation rate from 1 January 2020 will be 10% per annum. If double declining balance depreciation had been used in 2017, 2018 and 2019, accumulated depreciation would have been $8,000 higher for those three years in total To deal with the impact of this information, what journal entry is required on 1 January 20207 Select one: O a Debit Accumulated Depreciation $8,000 O b. None of these answers O c. Debit Depreciation Expense $8,000 O d. No journal entry is required Oe. Debit Depreciation Expense $6,000