In 2 0 2 3 , Wildhorse Corporation, which follows IFRS, discovered that equipment purchased on January 1 , 2 0 2 1 , for $ 1 4 5 , 6 0 0 was expensed in error at that time The equipment should have been depreciated over five years, with no residual value The tax rate is 3 0 Prepare a single journal entry for 2 0 2 3 to correct the error and record 2 0 2 3 depreciation Assume income and capital cost allowance was reported accurately for tax purposes in all years ( List all debit entries before credit entries 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 Ofor the amounts ) Account Titles and Explanation Debit Credit Equipment 1 4 5 6 0 0 Depreciation Expense Accumulated Depreciation Equipment Deferred Tax Liability

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In 2 0 2 3 , Wildhorse Corporation, which follows IFRS, discovered that equipment purchased on January 1 , 2 0 2 1 , for $ 1 4 5 , 6 0 0 was expensed in error at that time  The equipment should have been depreciated over five years, with no residual value  The tax rate is 3 0     Prepare a single journal entry for 2 0 2 3 to correct the error and record 2 0 2 3 depreciation  Assume income and capital cost allowance was reported accurately for tax purposes in all years  ( List all debit entries before credit entries  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 Ofor the amounts  ) Account Titles and Explanation Debit Credit Equipment 1 4 5 6 0 0 Depreciation Expense Accumulated Depreciation   Equipment Deferred Tax Liability

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In 2 0 2 3 , Wildhorse Corporation, which follows IFRS, discovered that equipment purchased on January 1 , 2 0 2 1 , for

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