Business
Business, 03.09.2019 20:30, stella013108

On january 1, year 1, burnham company purchased a machine for $2,580,000; however, the cost of the machine was recorded as repairs expense. the machine's useful life was expected to be 12 years with no residual value. burnham uses straight-line depreciation. what is the amount of the credit to retained earnings in the journal entry to correct the error if the error is discovered during year 4 (after 3 years)? ignore income tax.

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On january 1, year 1, burnham company purchased a machine for $2,580,000; however, the cost of the...

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