Exam Instructions Report Question 17 of 20 : Select the best answer for the question 17. Prior to 2018, Fisher Len, Inc. used sum-of-the-years'-digits depreciation on its store equipment. Beginning in 2018, Fisher Len decided to use straight-line depreciation for these assets. The equipment cost $3 million when it was purchased at the beginning of 2016, had an estimated useful life of five years, and no estimated residual value. 3min log To account for the change in 2018, Fisher Len would A. adjust accumulated depreciation and retained earnings for the excess charges made in 2016 and 2017 B. None of these answer choices are correct. C. retrospectively report $600,000 in depreciation expense annually for 2016 and 2017, and report $600,000 in depreciation expense for 2018. D. report depreciation expense of $400,000 in its 2018 income statement. Mark for review (Will be highlighted on the review page) Next Question >>