You, the CFO for Madulo $($Pty$)$ltd have a while reviewing the financial statements in preparation for the afternoon board meeting noticed that the depreciation expense was not reported in the $2022$ annual financial statements. $1.$ explain to the board the impact of the omission of the depreciation expense on the quality of financial statements. $2.$ the board is concerned wether this mistake would affect their decision to declare a cash in the current financial year. $10$ marks