A business statement of profit or loss and other comprehensive income for the year ended 31 December 20X4 showed a net profit of $83,600. It was later found that $18,000 paid for the purchase of a motor van had been debited to motor expenses account. It is the company's policy to depreciate motor vans at 25 per cent per year, with a full year's charge in the year of acquisition.What would the net profit be after adjusting for this error?
A、$106,100
B、$70,100
C、$97,100
D、$101,600
A、$106,100
B、$70,100
C、$97,100
D、$101,600
【参考答案及解析】
$Draft net profit 83,600Add： purchase price 18,000Less: additional depreciation (18,000 x 25%) (4,500)Adjusted profit 97,100
$Draft net profit 83,600Add： purchase price 18,000Less: additional depreciation (18,000 x 25%) (4,500)Adjusted profit 97,100