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If a Change Is Made from Straight-Line to Units-Of-Production Depreciation

Question 72

Multiple Choice

If a change is made from straight-line to units-of-production depreciation, one should record the effects by a journal entry including:

A) A credit to deferred tax liability.
B) A credit to accumulated depreciation.
C) A debit to depreciation expense.
D) No journal entry is required.

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