Joy Cunningham Co. purchased a machine on January 1, 2012
Pleasure Cunningham Co. bought a machine on January 1, 2012, for $550,000. At the moment, it was estimated that the machine would have a 10-year life and no salvage worth. On December 31, 2015, the firm’s accountant discovered that the entry for depreciation expense had been omitted in 2013. As well as, administration has knowledgeable the accountant that the corporate plans to change to straight-line depreciation, beginning with the 12 months 2015. At current, the corporate makes use of the sum-of-the-years’-digits technique for depreciating tools.Put together the overall journal entries that must be made at December 31, 2015, to file these occasions.Put together the overall journal entries that must be made at December 31, 2015, to file these occasions. (Ignore tax results.