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i need help solving this problem of error analysis please At the beginning of 2017, a machine was purchased for a total cost of $50,000.

image text in transcribedi need help solving this problem of error analysis please

At the beginning of 2017, a machine was purchased for a total cost of $50,000. salvage value and had a life of 5 years. The bookkeeper accidentally expensed the entire cost of the machine in 2017. Free Company normally uses straight line depreciation. The machine had no 3. Analysis: Net Income for the period ending 12/31/2017 Retained Earnings as of 12/31/2017, Working Capital as of 12/31/2017 Net Income for the period ending 12/31/2018 Retained Earnings as of 12/31/2018

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