Ski Park Company purchased a gondola for $440,000 (no residual value) at the beginning of 2015. The gondola was being depreciated over a 10-year life using the double-declining method. At the beginning of 2018, it was decided to change to straight-line. An accompanying disclosure note would include each of the following except:.A. The cumulative effect of the change. B. Justification that the change is preferable. C. The effect of a change on per share amounts affected for all periods reported. D. The effect of a change on any financial statement line items affected for all periods reported.

D (The effect of a change on any financial statement line items affected for all periods reported.)

Explanation:

Any change in the financial system should include all other 3 explanations. It should also include a cumulative effect of the change but it would not include change to every financial line and every statement.

As they only needs to adjust the cumulative effect.

The correct option is C,The effect of a change on per share amounts affected for all periods reported.

Explanation:

Change in accounting policy on depreciation should only take place when the new method is more justified and would present a  more fairer position and performance of the entity involved,hence option B is wrong.

Also,the disclosure requirements include the cumulative effect of the change as well as the effect  on financial statements line items in accordance with US. GAAP and International Financial Reporting Standards.

The impact on per share value is not a requirement,hence option C is correct

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