Question: When a change in depreciation method occurs the cumulative effect of the change in accounting principle should be classified as a discontinued operations on the

When a change in depreciation method occurs

the cumulative effect of the change in accounting principle should be classified as a discontinued operations on the income statement.

prior years' financial statements should be changed to reflect the newly adopted method.

the change should be reported in current and future years.

the cumulative effect of the change should be reflected on the income statement as of the beginning of the next year.

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