Question 17 ( 1 point) Replacement shelving (500) was recorded as fixtures and fittings. As a result: Profit is overstated by 500 and non-current assets are overstated by 500. Profit is understated by 500 and non-current assets are understated by 500. Profit is understated by 500 and non-current assets are overstated by 500. Profit is overstated by 500 and non-current assets are understated by 500