For each of the situations described below, provide the information indicated below assuming it is December 2017. Complete your discussion of each situation before going on to the next situation. These are not related and should be looked at separately.

1. Type of accounting change.

2. Manner of reporting the change under current generally accepted accounting principles including

a discussion, where applicable, of how amounts are computed.

3. Effect of the change on the balance sheet and income statement.

4. Footnote disclosures that would be necessary.

Case 4 Mike's accountant decided to change from double declining balance to straight-line for all tangible assets on January 1 2017.