2021, internal auditors discovered that PKE Displays, Inc. had debited an expense account for the $368,000 cost of equipment urchased on January 1, 2018. The equipment's life was expected to be five years with no residual value. Straight-line depreciation is ised by PKE, 2021, internal auditors discovered that PKE Displays, Inc. had debited an expense account for the $368,000 cost of equipment urchased on January 1, 2018. The equipment's life was expected to be five years with no residual value. Straight-line depreciation is ised by PKE