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For 2022, Essence Company, a calendar year taxpayer, will change from using the cash method...

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For 2022, Essence Company, a calendar year taxpayer, will change from using the cash method for tax purposes to the accrual method. At the end of 2021 , Essences showed the following items. What is the g481(a) adjustment for this change in accounting method? Indicate whether the adjustment is positive of negative. Essence will report this amount in its income equally over years beginning in Feedbadk Drock My Woik The taxpayer, in effect, makes an election to use a particular accounting method when its initial tax return is filed using that method. If a subsequent change in method is desired, the taxpayer must obtain the permission of the IRS. The request for change is made on form 3115 , Application for Change in Accounting Method. Generally, the form must be filed within the taxable year of the destred change

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