Management is reviewing its draft statement of profit or loss for the period. They are concerned this draft profit result will not be received favourably by its shareholders and is seeking ways to increase it.

Which of the following measures would increase the draft profit?

None of these measures would increase draft profit

Increase the allowance for doubtful debts

Increase the fair value estimate of land & buildings carried under the revaluation model

Decrease the estimated warranty claims

Decrease the estimated useful life of a major item of property, plant and equipment acquired during the period