bauer performance sports ltd is a leading developer and manufacturer of ice hockey roller hockey and lacrosse equipment/

Required:
1. Assuming that Bauer did not sell any property, plant, and equipment in 2012, what was the amount of depreciation expense recorded in 2012?
2. Assume that Bauer failed to record depreciation in 2012. Indicate the effect of the error (i.e., overstated or understated) on the following ratios:
(a) Earnings per share
(b) Fixed asset turnover ratio
(c) Current ratio
(d) Return on equity.
Computations are not required.

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