Case # 1 Discussed in class In 2020, Company A discovered that $150,000 of equipment purchased on January 1, 2017, was expensed in full. The equipment has a 10-year life, has no residual value and should have been depreciated on a straight-line basis. Tax depreciation was calculated correctly including the above asset but the asset was also deducted in full for tax purposes in 2017 The tax rate for all years is 40%. What are the journal entries required in 2020 to address the above discovery?