DETL Corp made an ordinary repair to a delivery truck with a remaining useful life of three years at a cost of $200. DETL'S accountant debited the asset account, Equipment Was this treatment an error, and if so, what will be the effect on DETL's financial statements? Select one a. No, the repair was accounted for correctly. b Yes, the error overstated assets and net income. Yes, the error understated net income. d. Yes, in the years following the current year net income will be overstated. Yes, the error overstated assets but not net income