Depreciation to the double-declining-balance method


In 20x8, a company changes from the straight-line method of depreciation to the double-declining-balance method. Depreciation taken prior to the change was $4,000, but would have been $9,000 if the new method had been used all along. Ignoring taxes, what should be done to account for the change? The $5,000 difference should be ??

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Accounting Basics: Depreciation to the double-declining-balance method
Reference No:- TGS043711

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