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Due to an error in computing depreciation expense Crote Corporation understated accumulated depreciation by $64 milloion as of December 31, 2016.Crote has a tax rate
Due to an error in computing depreciation expense Crote Corporation understated accumulated depreciation by $64 milloion as of December 31, 2016.Crote has a tax rate 40%.Crote retaines retaning as of December 31, 2016.( Round million answer 2 decial places.)
1) Overstated by 64
2)Understated by 64
3)Understated by 38.40
4)Overtated by 38.40
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