Hardy Man, Inc. incurred repair costs of a machine in 2021 for P 30,000 and erroneously capitalized the cost to machinery account. The company's policy would have called for the depreciation of the asset over its estimated useful life of five years with a 10% salvage value by the straight-line method. Hardy Man's policy is to take one-half year's depreciation in the year of acquisition and one-half in the year of disposal. QUESTION: What is the impact of the error in 2022 net income?