Current Attempt in Progress

Crane Company purchased equipment that cost $$3460000$ on January $1,2023.$ The entire cost was recorded as an expense. The

equipment had a $9-$year life and a $$134000$ residual value. Crane uses the straight$-$line method to account for depreciation expense.

The error was discovered on December $10,2025.$ Crane is subject to a $20\%$ tax rate. Before the correction was made and before the

books were closed on December $31,2025,$ retained earnings was understated by $($Round intermediate calculations to $0$ decimal places,

e$.$g$.25,000.)$

$$2042711.$

$$2768000.$

$$1881066.$

$$2176711.$