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Current Attempt in Progress In 2 0 2 5 , Ivanhoe Corporation discovered that equipment purchased on January 1 , 2 0 2 3 ,
Current Attempt in Progress In Ivanhoe Corporation discovered that equipment purchased on January for $ was expensed at that time. The equipment should have been depreciated over years, with no salvage value. The effective tax rate is Prepare Ivanhoe's journal entry to correct the error. Ivanhoe uses straightline depreciation. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. List all debit entries before credit entries. Account Titles and Explanation Debit Credit
Current Attempt in Progress
In Ivanhoe Corporation discovered that equipment purchased on January for $ was expensed at that time. The equipment should have been depreciated over years, with no salvage value. The effective tax rate is
Prepare Ivanhoe's journal entry to correct the error. Ivanhoe uses straightline depreciation. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. List all debit entries before credit entries.
Account Titles and Explanation
Debit
Credit
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