Dyke bought equipment on January 1, 2013 for $392,000 with a $32,000 estimated salvage value and a six-year life. The company debited an expense account and credited cash on the purchase date for the entire cost of the asset. (Straight-line method) The error was discovered in 2016. Prepare in general journal form the entry necessary to correct the books for the transaction, assuming that the books have not been closed for the current year of 2016.