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.

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.

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter10: Long-lived Tangible And Intangible Assets

Section: Chapter Questions

Problem 20E

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