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On December 31, 2021, when determining the adjustment for the annual depreciation expense, it was discovered that the 2020 depreciation expense was mistakenly recorded as

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On December 31, 2021, when determining the adjustment for the annual depreciation expense, it was discovered that the 2020 depreciation expense was mistakenly recorded as $ 25,000 instead of $ 52,000. This year's spending 1 is the same as the previous year. REQUIRED: Submit the journal entry to correctly adjust the accumulated depreciation account balance to be reported in the 2021 Statement of Financial Position

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