In 2017 splish corporation discovered that equipment, Accounting Basics

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In 2017 splish corporation discovered that equipment

Question: In 2017, Splish Corporation discovered that equipment purchased on January 1, 2015, for $64,000 was expensed at that time. The equipment should have been depreciated over 5 years, with no salvage value. The effective tax rate is 30%. Splish uses straight-line depreciation. Prepare Splish's 2017 journal entry to correct the error.

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Accounting Basics: In 2017 splish corporation discovered that equipment

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