If a change is made from straight-line to SYD depreciation,one should record the effects by a journal entry including:
A)A credit to deferred tax liability.
B)A credit to accumulated depreciation.
C)A debit to depreciation expense.
D)No journal entry is required.

Question

Quizplus · Accepted Answer

No journal entry is required because a change in depreciation method is treated as a change in accounting estimate, which is applied prospectively.

If a Change Is Made from Straight-Line to SYD Depreciation,one