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 tax

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:

Overstated by $48.00 million

Overstated by $64.00 million

Understated by $48.00 million

Understated by $64.00 million

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