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Prepare journal entry related to concord depreciable assets

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Question - Concord Company changed depreciation methods in 2017 from double-declining-balance to straight-line. Depreciation prior to 2017 under double-declining-balance was $95,400, whereas straight-line depreciation prior to 2017 would have been $48,300. Concord's depreciable assets had a cost of $260,200 with a $38,800 salvage value, and a 9-year remaining useful life at the beginning of 2017.

Prepare the 2017 journal entry related to Concord's depreciable assets (Equipment)?

Reference no: EM132181007

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