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Weaver Textiles Inc

Question 131

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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: 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.
Required:
What journal entry,if any,should Weaver make to record the effect of the accounting change (ignore income taxes)? Explain.

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The change in depreciation method is tre...

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