Ivanhoe Co. purchased machinery that cost $2500000 on January 4, 2019. The entire cost was recorded as an expense. The machinery has a 9-year life and a $150000 residual value. The error was discovered on December 20, 2021 Ignore income tax considerations Ivanhoe's income statement for the year ended December 31, 2021, should show the cumulative effect of this error in the amount of:. i. $0.
ii. $1944444
iii. $1977778
iv. $1772222

The advantage of administering personality tests on employees is that it will allow the employer to know the mindset and personality of the employee. this will allow the employer to at least have an idea as to how the employee works and how his attitude in the workplace. the disadvantage is that it may make the employee a little anxious as to whether he would meet the personality requirements of the employer and whether he would be able to retain the job or not.