kau.3 answer must be in table format or i will give down vote  Gonzaga Company has used the double-declining-balance method for depreciation since it started business in 2014. At the beginning of 2018, the company decided to change to the straight-line method. Depreciation as reported and what it would have been reported if the company had always used straight-line is listed below: Straight-    Year LIne DDB    2014    32,000 64,000    2015    35,000 50,000    2016    39,000 58,000    2017    39,000 48,000 Required: What journal entry, if any, should Gonzaga make to record the effect of the accounting change (ignore income taxes)? Explain.

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion
Section: Chapter Questions
Problem 47P
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kau.3

answer must be in table format or i will give down vote 

Gonzaga Company has used the double-declining-balance method for depreciation since it started business in 2014. At the beginning of 2018, the company decided to change to the straight-line method. Depreciation as reported and what it would have been reported if the company had always used straight-line is listed below:

Straight-

   Year LIne DDB

   2014    32,000 64,000

   2015    35,000 50,000

   2016    39,000 58,000

   2017    39,000 48,000

Required:

What journal entry, if any, should Gonzaga make to record the effect of the accounting change (ignore income taxes)? Explain.

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