Lynch Corporation changes from the sum-of-the-years'-digits method of depreciation for existing assets to the straight-line method. How

Question:

Lynch changes from the sum-of-the-years'-digits method of depreciation for existing assets to the straight-line method. How should the change be reported? Explain.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...