In 2013, Maverick Company discovered a building addition completed in January 2011, at a cost of $360,000 was charged to building maintenance expense in error. The cost should have been charged to the building asset account. The company uses straight line depreciation. The builidng had a estimated useful life of 25 years when it was completed in 2011. The building has a residual value of $100,000 and the company records a full year depreciation on assets place in service during the year. Fixing this error in 2013 would have the following impact on the accounting records?

A)Increase in retained earnings $339,200

B)Increase in book value of the equipment by $360,000

C)Increase in book value of equipment by $239,200

D)decrease retained earnings by $360,000