Before the 20x1 books are closed, you discover that on January 2, 20x1, when a new machine was purchased for $20,000 the 20000 was debited to Machinery Maintenance Expense. The new machine, which is being depreciated under the straight-line method, has a 10-year life and no estimated salvage value. However because of the error, no depreciation was recorded for the year. If no correction is made what happens