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In December 2021, Corporation X discovered that land costing $80,000 was charged to maintenance and repairs expense in 2020. The amount is determined to be

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In December 2021, Corporation X discovered that land costing $80,000 was charged to maintenance and repairs expense in 2020. The amount is determined to be material. Assuming a 20% tax rate, provide the entry that should be made to correct this error in 2021

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