On january 1 2009 pyle company purchased an asset that cost, Ask an Expert

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On January 1, 2009, Pyle Company purchased an asset that cost $50,000 (no estimated residual value, estimated useful life 8 years, straight-line depreciation is used). An error was made because the total cost amount was debited to an expense account for 2009 and no depreciation on it was recorded. Pretax income for 2009 was $42,000. The correct pretax income for 2009 was

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Financial Management, Finance

Category:- Financial Management
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