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In 2025, Carla Corporation discovered that equipment purchased on January 1,2023, for...

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Accounting

In 2025, Carla Corporation discovered that equipment purchased on January 1,2023, for $52,000 was expensed at that time. The
equipment should have been depreciated over 5 years, with no salvage value. The effective tax rate is 30%.
Prepare Carla's 2025 journal entry to correct the error. Carla uses straight-line depreciation. (Credit account titles are automatically
indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the
amounts. List all debit entries before credit entries.)
Account Titles and Explanation
Debit
Credit
image

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