When a Change in Depreciation Method Occurs

When a change in depreciation method occurs

A) prior years' financial statements should be changed to reflect the newly adopted method.
B) the change should be reported in current and future years.
C) the cumulative effect of the change should be reflected on the income statement as of the beginning of the next year.
D) the cumulative effect of the change in accounting principle should be classified as a discontinued operation on the income statement.