Question: A company changes from the straight - line method Bo an accelerated method of calculating depreciation, which will be similar to the method used for

A company changes from the straight

-

line method Bo an accelerated method of calculating depreciation, which will be similar to the method used for tax purposes. The entry to recond thin change will normally include a

credit to Deferred Fax Liability

debit to Deferred Tax Asset.

credite Accum dated Deprediation.

debit to fletained Earning in the arrount of the difference on prior yours.

A company changes from the straight - line method

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