In a draft statement of profit or loss, two mistakes were identified. 1. The $6000 profit made on disposing of equipment was recorded as a loss. 2. The $18\,000 depreciation charge for a motor vehicle was not included. What effect did these mistakes have on the draft profit for the year?
- Aoverstated $6000
- Boverstated $12\,000
- Cunderstated $6000
- Dunderstated $12\,000