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Business, 01.02.2021 23:00 shayhiddinovxasan93

In 2018, internal auditors discovered that Fay, Inc., had debited an expense account for the $4,600,000 cost of a machine purchased on January 1, 2015. The machine's useful life was expected to be 20 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 $4,600,...

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