Which entries would company make to record change

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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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