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2016, internal auditors discovered that Bowlinger, Inc., haddebited an expense account for the $700,000 cost of a machinepurchased on January 1, 2013. The machine's useful life wasexpected to be five years with no residual value. Straight-linedepreciation is used by Bowlinger. The journal entry to correct theerror will include a credit to accumulated depreciation of:

A. $140,000.

B. $280,000.

C. $420,000.

D. $700,000.

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Accounting 3 Months Ago 15 Views
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