Question: 22 In 19A Company E purchased a machine for $50,000 and erroneously debited the account Building. This error is discovered in 19B. What correction entry

22 In 19A Company E purchased a machine for $50,000 and erroneously debited the account Building.

This error is discovered in 19B. What correction entry is needed in 19B? Assume a tax rate of 30%

for all years.

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