Calculator View Instructions Question No: 04 This is a subjective question hence you have to write your answer in the Tee-Field given below Tata Motors is the India's largest automakers. The company reported pre-tax profor R5437202 million in fiscal 2012 and pre-tex pronto R5844935 million in fiscal 2013 Assume that there are no income taxes so that these amounts are also after tax amounts. Consider the following scenario. Suppose the company built a new factory that began production the beginning of the fiscal 2012. Cost of the factory was Rs.900.000 million, and is life was estimated to be 20 years. I TMC neglected to take depreciation on the factory in fiscal 2012 but correctly charged one year's depreciation in fiscal 2013, aWnet misstatements would exist on TMC's 2012 financial statements? (b) What is the correct pre-tax pentin 20127 (c) What is the pre-tax income in 2013 () Does it overstate or understate the retained earnings in 2012 and 20137 le) How does impact the property, plant and equipment of the company? Response