Question: (Total: Question 9.4 36 marks) Halloween Corp. reported net incomes for the last three years as follows: 2020 2019 2018 $ 240,000 $ 225,000 $

(Total: Question 9.4 36 marks) Halloween Corp. reported net incomes for the last three years as follows: 2020 2019 2018 $ 240,000 $ 225,000 $ 180,000 During the 2020 year-end audit, the following items come to your attention: 1. Halloween bought a truck on January 1, 2017 for $98,000 cash, with an $8,000 estimated residual value and a six-year life. The company debited an expense account for the entire cost of the asset. Halloween uses straight-line depreciation for all trucks
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