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would you please help to get the correct answer. thank you! Coronado Company changed depreciation methods in 2025 from double-declining-balance to straight-line. Depreciation prior to
would you please help to get the correct answer. thank you!
Coronado Company changed depreciation methods in 2025 from double-declining-balance to straight-line. Depreciation prior to 2025 under double-dedining-balance was $95,700, whereas straight-line depreciation prior to 2025 would have been $45.500. Coronado's depreciable assets (equipment) had a cost of $235,500 with a $36,900 salvage value, and an 7 . vear remaining useful life at the beginning of 2025 . Prepare the 2025 journal entry, if any, related to Coronado's depreciable assets. (Credit occount tilles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounta List debit entry before credit entry.)Step by Step Solution
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