Question: Gradys Porter Zoo bought a tiger which is classifed as one of its property, plants, and equipments in 2 0 2 4 . However, a

Gradys Porter Zoo bought a tiger which is classifed as one of its property, plants, and equipments in

2024 .

However, a junior accountant who was in charge of of the bookkeeping for the zoo failed to recognize the rule that a tiger needed to be depreciated over time so didn't report depreciation expense for the tiger in

2024 .

What is the effect of the mistake on the zoo's total asset turniver in

2024 ?

the total asset turnover is overstated in

2024 .

the total asset turnover is understated in

2024 .

there is no effect on the total asset turnover.

hard to tell the effect

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