In 20x4, a firm discovered that $10,000 of equipment purchased on 1/1/x1 was expensed in full.The equipment has a ten-year life, has no residual value, and should have been depreciated on the straight-line basis.The error is corrected.As a result, the comparative 20x3 and 20x4 financial statements will show what amounts as adjustments to the beginning balances of retained earnings dated:

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The Answer is D

In 20x4, a Firm Discovered That $10,000 of Equipment Purchased