Which of the following would be reported as an adjustment to beginning retained earnings for the earliest period presented?

Under IFRS, an entity is required to file the following financial statements initially?

Which of the following accounting changes would receive prospective treatment in the income statement?

The Charlotte Corporation buys a building on January 1, Year 1, for $900,000. The building is expected to have a useful life of 10 years and no salvage value. The double-declining balance method is used for depreciation purposes and the half-year convention is not elected. Early in Year 3, company officials decide to switch to the straight-line method of depreciation. What amount of depreciation expense should the company recognize in its Year 3 income statement?