Question: Due to an error in computing depreciation expense, Crote Corporation understated accumulated depreciation by $64 million as of December 31, 2021. Crote has a

Due to an error in computing depreciation expense, Crote Corporation understated accumulated depreciation by $64 million as of December 31, 2021. Crote has a tax rate of 25%. Crote's retained earnings as of December 31, 2021, would be: (Round million answer to 2 decimal places.) Multiple Choice Understated by $64.00 million. Overstated by $48.00 million. Overstated by $64.00 million. Understated by $48.00 million.

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