Hardy Man, Inc., acquired a machine in 2021 for P 400,000 and erroneously charged the cost to an expense account. Correct accounting treatment would have called for the depreciation of the asset over...

Extracted text: Hardy Man, Inc., acquired a machine in 2021 for P 400,000 and erroneously charged the cost to an expense account. Correct accounting treatment would have called for the depreciation of the asset over its estimated useful life of five years with a 10% salvage value by the straight-line method. Hardy Man's policy is to take one-half year's depreciation in the year of acquisition and one-half in the year of disposal. QUESTION: What is the impact of the error in 2022 net income?