Question 38 Not yet answered Marked out of 100 On 1 January 2020, MACROOM COMPANY discovered that a machine purchased on January 1 2017 for $22,000,000 was expensed at the time. The machine should have been depreciated on a straight-line basis assuming a $2,000,000 estimated residual value and a 5-year life. The effective tax rate for MACROOM COMPANY IS 10% MACROOM COMPANY'S Journal Entry on 1 January 2020 to correct this error will include a credit to Accumulated Depreciation for which of the following amounts? Flag question Select one: a. $6,000,000 b. $15,000,000 c. $10,000,000 d. None of these answers e. $12,000,000 Previous pago Next page