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A Corporation Has a Machine That Cost $100,000, with an Estimated

Question 63

Multiple Choice

A corporation has a machine that cost $100,000, with an estimated useful life of 5 years and a residual value of $25,000.Immediately after the end of the second year, the company decided to change from SYD to straight-line depreciation.The entry to record the change would include an effect on accumulated depreciation which would be a:


A) $30,000 credit.
B) $15,000 credit.
C) $30,000 debit.
D) $15,000 debit.

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