題組內容

二、Angus Insurance Agency prepares monthly financial statements. Presented below is an income statement for the month of June that is correct on the basis of information considered. (10%)
Additional Data: When the income statement was prepared, the company accountant neglected to take into consideration the following information:

4. The agency purchased a new car at the beginning of the month for €24,000 cash. The car will depreciate €6,000 per year.