Question 13 (5 points) If, in 2017, an expenditure for repairs and maintenance is incorrectly treated as a purchase of a depreciable asset, which of the following statements is true? Net income in 2017 will be understated and depreciation expense in 2018 will be understated. O Total assets in 2017 will be overstated but net income will be unaffected. Net income in 2017 will be overstated and depreciation expense in 2018 will be overstated. Net income in 2017 will be overstated but there will be no impact on future expenses