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Can you help with that? Due to an error in computing depreciation expense, Crote Corporation understated accumulated depreciation by $78 million as of December 31,
Can you help with that?
Due to an error in computing depreciation expense, Crote Corporation understated accumulated depreciation by $78 million as of December 31, 2021. Crote has a tax rate of 25%. Crote's retained earnings as of December 31, 2021, would be: (Round million answer to 2 decimal places.)Step by Step Solution
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