In 2022, internal auditors discovered that Fay, Inc., haddebited an expense account for the $2,640,000 cost of a machinepurchased on January 1, 2019. The machine's useful life wasexpected to be 16 In 2022, internal auditors discovered that Fay, Inc., had debited an expense account for the \\( \\$ 2,640,000 \\) cost of a machine purchased on january 1, 2019. The machine's useful life was expecte 2 answers