Solved: Traight line depreciation is used by pke ignoring income, Accounting Basics

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Traight line depreciation is used by pke ignoring income

1.In 2013, internal auditors discovered that PKE Displays, Inc., had debited an expense account for the $350,000 cost of a machine purchased on January 1, 2010. The machine's useful life was expected to be five years with no residual value. Straight line depreciation is used by PKE. Ignoring income taxes, what journal entry will PKE use to correct the error?

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Accounting Basics: Traight line depreciation is used by pke ignoring income

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Accounting Basics: Traight line depreciation is used by pke ignoring income

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