Business, 10.12.2019 01:31 vincentfriend

In 2018, internal auditors discovered that fay, inc., had debited an expense account for the $700,000 cost of a machine purchased on january 1, 2015. the machine's useful life was expected to be five years with no residual value. straight-line depreciation is used by fay. the journal entry to correct the error will include a credit to accumulated depreciation of:

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In 2018, internal auditors discovered that fay, inc., had debited an expense account for the $700,00...

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