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Prepare Sages journal entry to correct the error

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Question - In 2017, Sage Corporation discovered that equipment purchased on January 1, 2015, for $63,000 was expensed at that time. The equipment should have been depreciated over 5 years, with no salvage value. The effective tax rate is 30%. Sage uses straight-line depreciation. Prepare Sage's 2017 journal entry to correct the error.

Reference no: EM132857417

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