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In 2018, internal auditors discovered that PKE Displays, Inc. had debited an expense account for the $426,000 cost of a machine purchased on January 1,

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In 2018, internal auditors discovered that PKE Displays, Inc. had debited an expense account for the $426,000 cost of a machine purchased on January 1, 2015. The machine's useful life was expected to be six years with no residual value. Straight-line depreciation is used by PKE income taxes, prepare the journal entry PKE will use to correct the error. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record entry to correct error. 426,000 earch

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