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When a company purchased a piece of machinery several years ago, the accounting clerk posted the journal entry to maintenance expense rather than machinery. This

When a company purchased a piece of machinery several years ago, the accounting clerk posted the journal entry to maintenance expense rather than machinery. This was discovered this year. Select one of these three items - Is this considered: an error; a change in estimate; a change in policy. And then: Select one of these two items - Should this be adjusted: retrospectively; prospectively NOTE - two boxes should be selected! Error Change in estimate Change in policy Retrospectively Prospe

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