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Question(s) / Instruction(s):

A company changes from straight-line to an accelerated method of calculating depreciation, which will be similar to the method used for tax purposes. The entry to record this change should include a

a.    credit to Accumulated Depreciation.

b.    credit to Deferred Tax Liability.

c.     debit to Retained Earnings in the amount of the difference on prior years.

d.    debit to Deferred Tax Asset.

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