Current Attempt in Progress

In $2025,$ Sandhill Corporation discovered that equipment purchased on Janaary $1.2023.$ for $$54,000$ was erpensed at that time. The equipment should have been depreciated over $5$ vears, with no salvage value. The effective tax rate is $30\%.$

Prepare Sandhill's $2025$ journal entry to correct the error. Sandhill uses stright$-$line deprecistion floedit account titles are automatically indented whegt the amount is entered. Do not indent manually. If no entry I s required, select $"$No Entry' for the account titles and enter $0$ for the amounts. List all debit entries before credit entries$)$

Account Titles and Explanation

Debit

Credit

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$