How is a change in depreciation method accounted for, Accounting Basics

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How is a change in depreciation method accounted for

Response to the following questions:

1. How is a change in depreciation method accounted for? Why?

2. How does a company account for any indirect effects of a change in accounting principle?

3. How does a company account for the adoption of a new accounting principle for future events?

4. How does a company report a change in an accounting principle in its interim financial statements?

If possible, please give examples to better understand your response.

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Accounting Basics: How is a change in depreciation method accounted for

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Accounting Basics: How is a change in depreciation method accounted for

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