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What is the effect on profit for the year

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In the year to 31 December 20X9, Jason recorded some capital expenditure as revenue expenditure.

Question 1: What is the effect on his profit (Overstated / Understated) for the year to 31 December 20X9 and his net assets (Overstated / Understated) at that date?

Reference no: EM132571175

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