ASAP An entity changed from the straight-line method to the declining-balance...

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Accounting

ASAP
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An entity changed from the straight-line method to the declining-balance method of depreciation for all assets. This change has a material effect on the current year's financial statements and is expected to have an even greater effect in later years. If the auditor agrees with the change and it is disclosed in the notes to the financial statements, the auditor should issue a report with a(an): O Qualified opinion. O Unmodified opinion with explanatory paragraph. O Unmodified opinion. O Qualified opinion with an explanatory paragraph

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