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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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