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Prepare journal entry related to pearl depreciable assets

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Question - Pearl Company changed depreciation methods in 2017 from double-declining-balance to straight-line. Depreciation prior to 2017 under double-declining-balance was $90,800, whereas straight-line depreciation prior to 2017 would have been $51,800. Pearl's depreciable assets had a cost of $269,200 with a $38,000 salvage value, and an 9-year remaining useful life at the beginning of 2017.

Prepare the 2017 journal entry related to Pearl's depreciable assets (Equipment).

Reference no: EM131736889

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