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Question: For financial reporting. Clinton Poultry Farms has used the declining-balance method of depreciat…
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Question: For financial reporting. Clinton Poultry Farms has used the <a href=declining-balance method of depreciat…” />

Show transcribed image text For financial reporting. Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2013 for $2, 768,000. Its useful life was estimated to be six years with a $212,000 residual value. At the beginning of 2016, Clinton decides to change to the straight-line method The effect of this change on depreciation for each year is as follows ($ in 000s): Prepare any 2016 journal entry related to the change (Enter your answers in dollars rounded to the nearest thousand. If no entry is required for a transaction event, select "No journal entry required" in the first account field.)

For financial reporting. Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2013 for $2, 768,000. Its useful life was estimated to be six years with a $212,000 residual value. At the beginning of 2016, Clinton decides to change to the straight-line method The effect of this change on depreciation for each year is as follows ($ in 000s): Prepare any 2016 journal entry related to the change (Enter your answers in dollars rounded to the nearest thousand. If no entry is required for a transaction event, select "No journal entry required" in the first account field.)

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