In 2021 the bookkeeper for Selectro Company discovered an er…
In 2021 the bookkeeper for Selectro Company discovered an error. In 2020 the company failed to record $20,000 of depreciation expense on a newly constructed building. This building is the only depreciable asset Selectro owns. The company correctly included the depreciation expense in its tax return and correctly reported its income taxes payable. Journal entries What journal entry should Selectro make to correct the error?