In $2025,$ Bridgeport Corporation discovered that equipment purchased on January $1,2023,$ for $$51,000$ was expensed at that time.

The equipment should have been depreciated over $5$ years, with no salvage value. The effective tax rate is $30\%.$

Prepare Bridgeport's $2025$ journal entry to correct the error. Bridgeport uses straight$-$line 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 $0$ for the amounts. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit

Equipment

Accumulated Depreciation$-$Equipment

Deferred Tax Liability