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In December of 2021, XL Computer's Internal auditors discovered that office equipment costing $800,000 was charged to expense in 2019. The asset had an expected

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In December of 2021, XL Computer's Internal auditors discovered that office equipment costing $800,000 was charged to expense in 2019. The asset had an expected life of 10 years with no residual value. XL would have recorded a half year of depreciation in 2019, Required: Prepare the necessary correcting entry that would be made in 2021 (ignore income taxes), and the entry to record depreciation for 2021. (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction et Journal entry worksheet

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