Question: This was incorrect the last time I submitted it In 2016, internal auditors discovered that PKE Displays, Inc., had debited an expense account for the

This was incorrect the last time I submitted it

In 2016, internal auditors discovered that PKE Displays, Inc., had debited an expense account for the $300,000 cost of a machine purchased on January 1, 2013. The machine's useful life was expected to be four years with no residual value. Straight-line depreciation is used by PKE. Ignoring income taxes, prepare the journal entry PKE correct the error. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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