Essay
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.
Correct Answer:

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