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SHOW ALL CALCULATIONS PLEASE. THANKS! For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning
SHOW ALL CALCULATIONS PLEASE. THANKS!
For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2013 for $2, 000, 000. its useful life was estimated to be five years, with a $200, 000 residual value. At the beginning of 2016, Clinton decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows: Required: Prepare any 2016 journal entry related to the changeStep by Step Solution
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