Question: Link Co . purchased machinery that cost ( $ 3 0 0 0 0 0 0 ) on January 4 , 2

Link Co. purchased machinery that cost \(\$ 3000000\) on January 4,2022. The entire cost was recorded as an expense. The machinery has a 9-year life and a \(\$ 200000\) residual value. The error was discovered on December 20,2024. Ignore income tax considerations. Link's income statement for the year ended December 31,2024, should show the cumulative effect of this error in the amount of
\$2377778.
\$2066667.
\$0.
\$2333333.
Link Co . purchased machinery that cost \ ( \ $ 3

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