On January $1,2022,$ a company acquired machinery for $1480000.$ The company adopted the straight line methodof depreciation for this machine and had been recording depreciation over an estimated life of ten years, with no residualvalue. At the beginning of $2025,$ a decision was made to change to the double declining balance methodof depreciation for this machine. Assuming a $20\%$ tax rate, the cumulative effect of this accounting changeOn January $1,2022,$ a company acquired machinery for $1480000.$ The company adopted the straight line methodof depreciation for this machine and had been recording depreciation over an estimated life of ten years, with no residualvalue. At the beginning of $2025,$ a decision was made to change to the double declining balance methodof depreciation for this machine. Assuming a $20\%$ tax rate, the cumulativOn January $1,2022,$ a company acquired machinery for $1480000.$ The company adopted the straight line methodof depreciation for this machine and had been recording depreciation over an estimated life of ten years, with no residualvalue. At the beginning of $2025,$ a decision was made to change to the double declining balance methodof depreciation for this machine. Assuming a $20\%$ tax rate, the cumulative effect of this accounting change on beginning retained earnings is$?$e effect of this accounting change on beginning retained earnings is$?$ on beginning retained earnings is$?$