Supposed that you have been appointed as the auditor of ABC Company of

$1998$ financial statements on February $28,1999.$ After you finished the

fieldwork on August $31,1999,$ you came up with the observation that ABC

Company Limited did not depreciate the tractor bought on January$1,1998$

and it was ready for use since the Company bought. The original cost was

Baht $4,000,000.$ The adjustment for the depreciation of Baht $800,000($Straight

line Method; $20\%$ of Baht $4,000,000)$ was refused by Management to record

in the book of account into $1998$ financial statements. Total assets and

Revenues of the Company were Baht $10,000,000,$ and Baht $5,000,000,$

respectively.

However, the Company started to record the depreciation in $1999$ financial

statements and retroactively adjusted the $1998$ depreciation in $1999$ as well.

Required:

Prepare an auditor's report to accompanied $1999$ financial statements for ABC Company

Limited