FINANCIAL STATEMENT DISCLOSURES
A company must disclose in notes to its financial statement the methods uses to depreciate plant assets. This disclosure is located in a note describing various accounting policies and methods used in preparing the financial statement. Readers of the statement should recognize that accelerated depreciation methods transfer the cost of plant assets to expense more quickly than the straight-line method. Thus, accelerated methods result in more conservative (lower) balance sheet amounts of plant assets and measurement of net