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Green Mandarin Restaurants books for 2020 have been closed. As its accountant you just realized that you inadvertently overstated the companys depreciation expense by $5,000.

Green Mandarin Restaurants books for 2020 have been closed. As its accountant you just realized that you inadvertently overstated the companys depreciation expense by $5,000. What would you do to correct the error going forward? Explain and state the journal entry you would make to correct the error.

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