Question: Due to an error in computing depreciation expense Crote Corporation understated accumulated depreciation by $64 milloion as of December 31, 2016.Crote has a tax rate

Due to an error in computing depreciation expense Crote Corporation understated accumulated depreciation by $64 milloion as of December 31, 2016.Crote has a tax rate 40%.Crote retaines retaning as of December 31, 2016.( Round million answer 2 decial places.)

1) Overstated by 64

2)Understated by 64

3)Understated by 38.40

4)Overtated by 38.40

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