03 Chns lest 1A 5053614 Final ECON 335 FINAL Exercise 22-17 1. Depredation of equipment for 2017 was overstated $18,500, 2. Deprediation of equipment for 2018 was understated $40,300 3. December 31, 2017, inventory was understated $52,100. 4. December 31, 2018, inventory was overstated $16,300 Prepare the correcting entry necessary when these errors are discovered. Assume that the books are closed. (Ipnore income tax considerations.)(Credit account titles automatically indented when amount is ontered. Do not indent manually. " no entry is required, select-No Entry, for the account teles and enter 0 feet Account Tites and Explanation Debit Credit Click if you would like to Show work for this question: geenshmmxk MOMT 340 Lesson.-pet o search