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In 2025, Marigold Corporation discovered that equipment purchased on January 1, 2023, for $54,000 was expensed at that time. The equipment should have been depreciated

In 2025, Marigold Corporation discovered that equipment purchased on January 1, 2023, for $54,000 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 Marigold's 2025 journal entry to correct the error. Marigold uses straight line depreciation.

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