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.
Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion
Section: Chapter Questions
Problem 47P
Related questions
Question
kau.3
answer must be in table format or i will give down vote
Gonzaga Company has used the double-declining-balance method for
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
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