Question: Hi! I'm doing accounting homework where I'm preparinga single, continuous multiple-step statement of comprehensive income. I have it almost finished, but can't figure out one
Hi! I'm doing accounting homework where I'm preparinga single, continuous multiple-step statement of comprehensive income.
I have it almost finished, but can't figure out one item:
| It was discovered that depreciation expense for 2015 was understated by $50,000 due to a mathematical error. |
I thought I would simply add the 50,000 to "accumulated depreciation," (credit assets/ equipment) but that won't work.
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