Footnote disclosure for a change
in accounting principle:
(as per paragraph 17, APB No.
20)
| nature
of the change------------------>
Justification
for the change ---------->
Effect
of the change on
|
In 20X3, the Company changed from the double
declining balance to the straight-line method of depreciation for certain
plant assets
The change was made because management believes that the straight-line
method more clearly reflects periodic income than does the double declining
balance method.
The effect of this change was to __________ income before extraordinary items by $_____________, or $_______ per share, and to increase net income by $_____________, or $____________ per share. |