Which entries would company make to record change

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Reference no: EM13160313

The Williams Company decided in the current year to change their method of depreciation for certain types of equipment that were experiencing rapid technological changes. The Accumulated Depreciation account was $450,000 at the beginning of the current year. Depreciation in prior years would have been $800,000 under the new method. Williams Company experiences a 40% tax burden. Which one of the following entries would the company make to record this change?

Reference no: EM13160313

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