Klink Company bought a machine on January 1, 2013 for $2,100,000. It has an $100,000 estimated residual value and a 10 year life. Klink uses straight-line depreciation. The accountant erroneously expensed the machine in 2013 and this error was discovered in 2015 while the books are still open in 2015.

Required: Prepare the necessary correcting entries for the error that will be reflected on the 2015 books.