In 2023, Dody Corporation, which follows IFRS, discovered that equipment purchased on January 1, 2021, for $145,000 was expensed in error at that time. The equipment should have been depreciated over five years, with no residual value. The tax rate is 30%. Prepare a single journal entry for 2023 to correct the error and record 2023 depreciation. Assume income and capital cost allowance was reported accurately for tax purposes in all years.