(d) (e) The accounts executive of 'Step Watches' forgot to record a sale of a watch 200 made in December 2021. The total sales of the business for the year 2021 amount to 10 million. Is the omission to recordj200 sale a material error? Explain your answer with relevant accounting concept. (5 marks) India Tech Pte Ltd bought a new Motor Vehicle costing $200,000. Supposing that there are two ways of charging the cost of using the Vehicle to the business: (1) Charge over 4 years; the cost charged per year is $50,000. (ii) Charge over 5 years; the cost charged per year is $40,000. According to the Prudence Concept, over how many years sh0uld the cost of the Motor Vehicle be charged? Explain y0ur