On January 1, 2020, a firm spent $10,000 to repair a piece of equipment. The amount should have been expensed, but the firm capitalized it. The firm depreciated the cost over the 5-year useful life remaining to the equipment. The firm records adjusting entries each year on 12/31. On January 1, 2022, the firm noticed the error and posted an entry to correct it. O Decreases Assets $6,000 O Decreases Retained Earnings $10,000 O Decreases Expenses $6,000 O Decreases Expenses $10,000 O Decreases Assets $10,000 s S A