Business, 03.08.2021 20:30 firdausmohammed80

On January 2, 2021, Snow Company began using straight-line depreciation for a certain class of assets. In the past, the company had used double-declining-balance depreciation for these assets. As of January 2, 2021, the amount of the change in accumulated depreciation is $120,000. The appropriate tax rate is 25%. The separately reported change in 2021 earnings is: Multiple Choice An increase of $120,000. A decrease of $120,000. An increase of $90,000. None of these answer choices is correct.

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On January 2, 2021, Snow Company began using straight-line depreciation for a certain class of asset...