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Question At the end of 2019, while preparing its financial statements, Founder Ltd.discovered an error in its accounting records. A truck with an original cost

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Question At the end of 2019, while preparing its financial statements, Founder Ltd.discovered an error in its accounting records. A truck with an original cost of $17.200, a service life of 4 years and a residual value of $4,000 was expensed when it was purchased at the beginning of 2018. The company was subject to an income tax rate of 60%. Flounder used the straight-line method of depreciation for whicles and follows ASPE Prepare the journal entries to correct the error and record depreciation for 2019. Credit account tities are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Questions Question Account Titles and Explanation Debit Credit Question Question Question To record correction of prior year error) Viewing Question A (To record depreciation expense.)

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