On January 1, 2012, BC debited $4,000 of ordinary repairs to the asset account, Machinery. The machinery is depreciated on a straight-line basis over 10-years with no residual value. On December 31, 2014, the error was discovered. Give the entry, or entries, to correct the accounts on that date.

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The Answer of On January 1, 2012, BC debited $4,000 of ordinary repairs to the asset account, Machinery. The machinery is depreciated on a straight-line basis over 10-years with no residual value. On December 31, 2014, the error was discovered. Give the entry, or entries, to correct the accounts on that date.

On January 1, 2012, BC Debited $4,000 of Ordinary Repairs