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| Jonathon’s income statement shows a gross profit of $72,540. However, he later realises that the acquisition of five new laptops half way during the financial year, which were purchased together, had been incorrectly debited to the purchases account. The total cost of the laptops was $2,750 (including irrecoverable sales tax of $250). Jonathon depreciates computer hardware over three years, with a full yearns charge being made in the year of acquisition. What would the gross profit be after adjusting for this error? A $71,623 B $73,373 C $75,040 D $75,290 |