n $20$X$4,$ Fredup Inc. purchased a piece of equipment for $$21,000.$ The equipment has a $7-$year useful life and no residual value. The equipment was erroneously included as an expense in the year. The error was discovered in December $20$X$8.$

Required:

Prepare the journal entry to record the adjustment in December $20$X$8.($Assume the company uses straight line depreciation, ignore taxes.$)$