6.

Indicate the effect-Understate, Overstate, No Effect-that each of the following errors has on 2020 net income and 2021 net income. 2020 2021 (a) Equipment (with a useful life of 5 years) was purchased and expensed in 2018. (c) Equipment purchased in 2020 was expensed. . > (d) 2020 ending inventory was overstated. ( > (e) Patent amortization was not recorded in 2021. No Effect Overstated Understated e Texthonk and Media