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Company H changed its method of depreciation from straight-line to the appraisal method for all its property, plant, and equipment. Footnote No. 8 fully described
Company H changed its method of depreciation from straight-line to the appraisal method for all its property, plant, and equipment. Footnote No. 8 fully described the change and the effect on current earnings. Property, plant, and equipment comprise 60% of the company's total assets. Question: A. What is the proper audit opinion based on the given situation? Explain. B. Prepare the audit report for the given situation.
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