Question: In 2009 Kieso Enterprises failed to record depreciation expense of $ 30,000. The accountant discovered this error in 2010. Kieso is subject to a 35

In 2009 Kieso Enterprises failed to record depreciation expense of $ 30,000. The accountant discovered this error in 2010. Kieso is subject to a 35 percent tax rate. What is the effect of this error on retained earnings?

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