Mystic Computer Company acquired a circuit board stamping machine for $710,000 on December 31, 2016. The general accountant incorrectly coded the invoice as repair expense. The equipment would normally be depreciated straight-line over 8 years with no salvage value. Mystic discovered the error on December 31, 2019, before closing the books for 2019. Prepare the correcting entry for this transaction, ignoring income taxes. (Record debits first, then credits. Exclude explanations from any journal entries.)