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Weaver Textiles Inc.has used the straight-line method to depreciate its equipment since it started business in 2012.At the beginning of 2016,the company decided to change to the double-declining-balance (DDB)method.Depreciation as reported and as it would have been reported if the company had always used DDB is listed below:
Required:
What journal entry,if any,should Weaver make to record the effect of the accounting change (ignore income taxes)? Explain.
LGBTQ Identification
The process or state of recognizing and embracing one's sexual orientation or gender identity as lesbian, gay, bisexual, transgender, queer/questioning.
Immigration Laws
Regulations established by a country to control the right of entry, residence, and citizenship of people from other countries.
Racism
Bias, unfair treatment, or hostility towards individuals of another race, stemming from the conviction that one's own race is superior.
Managing Labor
The process of organizing, directing, and controlling the work and workers in a company or organization, focusing on increasing efficiency and productivity.
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