问答题 Abby recorded the motor car as motor expense by $3,200.
How will Abby's profit for the year and net assets at the year ended be affected by this? ______

A、 Profit understated Net asset overstated
B、 Profit overstated Net asset understated
C、 Profit overstated Net asset overstated
D、 Profit understated Net asset understated

【正确答案】 D

【答案解析】[考点] Recording transactions and events-Non-current asset-IAS 16 property, plant and equipment-Subsequent measurement-Subsequent expenditure [难易度] 难购买Motor car属于资本化的支出(Capital expenditure)，应当计入固定资产并按照年度计提折旧。把Capital expenditure记成Revenue expenditure，费用被高估，导致Profit被低估，Net asset被低估。