ASH ACC 306 Week 5 Analysis Case 20-10

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Analysis Case 2010 - DRS Corporation - Various
changes ? LO1 through LO4DRS Corporation changed
the way it depreciates its computers from the
sum-of-the-years-digits method to the
straight-line method beginning January 1, 2011.
DRS also changed its estimated residual value
used in computing depreciation for its office
building. At the end of 2011, DRS changed the
specific subsidiaries constituting the group of
companies for which its consolidated financial
statements are prepared.Required1. For each
accounting change DRS undertook, indicate the
type of change and how DRS should report the
change. Be specific.2.  Why should companies
disclose changes in accounting principles??