The Tala Test: HW 2. Take Test: HW Maps Pomall Assignment N in Italian-og- Manage your doo NWP Assessment. NWP Assessment. CALCULATOR FULL SCREEN PRINTER VERSIOM CES BACK Exercise 249 Hayden Company purchased a machine on January 1, 2021, at a cost of $90,000. It is expected to have an estimated salvage value of $5,000 at the end of 5 year it The company capitalized the machine and deprecated it in 2021 using the double declining balance method of depreciation. The company has a policy of using the strane line method to depreciate equipment but the company accountant neglected to follow company policy when he used the double declining balance method. Net income for the year ended December 31, 2021 was $55,000 as the result of depreciating the machine incorrectly Using the method of depreciation that the company normally follows, prepare the correcting entry. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit 22 22 Determine the corrected net income for 2021. Corrected net income for 2021