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I am having problems trying to figure this problem out.
style=”color:rgb(37,37,37);background-color:transparent;”>In 2018, internal auditors discovered that PKE Displays, Inc., had debited an expense account for the $384,000 cost of a machine purchased on January 1, 2015. The machine’s useful life was expected to be six years with no residual value. Straight-line depreciation is used by PKE.  Ignoring income taxes, prepare the journal entry PKE will use to correct the error. (If no entry is required for a transaction/event, select “No journal entry required” in the first account field.)

 
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