Identify what qualitative attribute was violated in each situation: 1. Reporting expenses as assets to boost the profit of the firm 2. The 2022 statement showed book value of equipment at P800,000 based on straight line depreciation method while the 2021 statement showed book value of equipment at P800,000 based on straight line depreciation method while the 2021 statement showed it at P750,000 using the sum of years digit method. 3. Two years ago, land was purchased for P800,000. The accountant currently recorded it at its appraised value of P2,500,000. He reasoned out that increasing the assets will greatly attract potential investors. 4. Company employees got sick after eating spaghetti in a restaurant on New Year's Eve. The restaurant is waiting for the lawsuit to be filed which may probably amount to P50,000. This was not included in the December 31 statement of financial position