On 1/1/2014, Al-Saada Company purchased cars for the amount of 15,000 dinars, and its useful life at the time of purchase was estimated at six years, and the residual value at the end of the useful life was estimated at 3000 dinars, and the company decided to use the straight-line method of depreciation. On 1/1/2016, and due to the emergence of new information related to cars that were not previously available, it was estimated that the cars would be used for another 3 years, starting from 1/1/2016, and the remaining value was re-estimated to become the new estimated value of 2000 dinars. Required: A statement of the impact of the change in the estimates for the above cars on the financial statements for the year 2016 and the following years 1. The following errors appeared in the inventory of goods for Al-Eqbal Company: Date Nature of the line Inventory on 1/1/2016 A decrease of 26000 dinars Inventory on 31/12/2016 An increase of 52000 dinars As a result of these errors, the calculation of the cost of goods sold for 2016 will annear On 1/1/2014, Al-Saada Company purchased cars for the amount of 15,000 dinars, and its useful life at the time of purchase was estimated at six years, and the residual value at the end of the useful life was estimated at 3000 dinars, and the company decided to use the straight-line method of depreciation. On 1/1/2016, and due to the emergence of new information related to cars that were not previously available, it was estimated that the cars would be used for another 3 years, starting from 1/1/2016, and the remaining value was re-estimated to become the new estimated value of 2000 dinars. Required: A statement of the impact of the change in the estimates for the above cars on the financial statements for the year 2016 and the following years 1. The following errors appeared in the inventory of goods for Al-Eqbal Company: Date Nature of the line Inventory on 1/1/2016 A decrease of 26000 dinars Inventory on 31/12/2016 An increase of 52000 dinars As a result of these errors, the calculation of the cost of goods sold for 2016 will annear