You are a financial analyst. The year 2019 was a difficult year for business. Your target company, High Performance & Reward (HPR), just finished its fiscal year-end on 30th April 2020. You have noticed two abnormalities and suspect that HPR has engaged in profit manipulation. HPR acquired a new line of product (machinery in non-current assets) in 2018 for 16,000. However, that product line has become out-of-fashion and is considered worthless. HPR has not write-off this product line yet. This year, HPR suddenly increased its depreciation rate for non-current assets from 6% to 8%. You believe the depreciation rate should remain at 6%. At the beginning of the year, HPR has a gross value of non-current assets of 40,000. HPR also purchased new non-current assets of 12,000 throughout the year. Assume the new assets were purchased in an evenly-distributed manner throughout the year. HPR's marginal corporate tax rate is 20%. Required: (A) Describe the accounting adjustment necessary for each item using debit and credit terms. Assume write-off and depreciation expenses are tax-deductible expenses. (16 marks]