Question: A company changes from the straight - line method to an accelerated method of calculating depreciation, which will be similar to the method used for
A company changes from the straightline method to an accelerated method of calculating depreciation, which will be similar to the method used for taxpun change will normally include a
credit to Deferred Tax Liability.
debit to Deferred Fax Asset.
credit to Accumulated Depreciation.
debit to Retained Earnings in the amount of the difference on prifor years.
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