A publicly accountable enterprise changes from straight-line depreciation to double declining balance. Management feels that this will result in equally reliable and more relevant information; thus it will be treated as a change in accounting policy. The entry to record this change should include a
A) debit to Accumulated Depreciation.
B) credit to Other Comprehensive Income.
C) credit to Deferred Tax Asset.
D) debit to Deferred Tax Liability.

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The Answer of A publicly accountable enterprise changes from straight-line depreciation to double declining balance. Management feels that this will result in equally reliable and more relevant information; thus it will be treated as a change in accounting policy. The entry to record this change should include a
A) debit to Accumulated Depreciation.
B) credit to Other Comprehensive Income.
C) credit to Deferred Tax Asset.
D) debit to Deferred Tax Liability.

A Publicly Accountable Enterprise Changes from Straight-Line Depreciation to Double