In 2018, it was discovered that Jenson Technologies had debited an expense account for the...
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Accounting
In 2018, it was discovered that Jenson Technologies had debited an expense account for the $400,000 cost a computer purchased on January 1, 2016. The computers useful life was estimated to be four years with no residual value. Straight-line depreciation is used by Jenson. Ignoring income taxes, what journal entry will Jenson use to correct the error?
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You can see the logs in the Dashboard.