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In 2016 Internal auditor discover that Fay Inc had debited an expense account for the $2,460,000 cost of the machine purchased on January 1, 2013.The

In 2016 Internal auditor discover that Fay Inc had debited an expense account for the $2,460,000 cost of the machine purchased on January 1, 2013.The machine useful life was expected to be 12 years with no residual value. Straight-line depreciation is used by Fat. The journal entry to correct the error will include a credit to accumulated depreciaton of:

1) 410000 2) 205000 3)615000 D)2460000

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