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Business, 06.12.2021 20:20 velaskawallv

Ivanhoe Co. purchased machinery that cost $2500000 on January 4, 2019. The entire cost was recorded as an expense. The machinery has a 9-year life and a $150000 residual value. The error was discovered on December 20, 2021 Ignore income tax considerations Ivanhoe's income statement for the year ended December 31, 2021, should show the cumulative effect of this error in the amount of:. i. $0.
ii. $1944444
iii. $1977778
iv. $1772222

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