Quigley Co_Rectification of Asset recording

Quigley Co. bought a machine on January 1, 2013 for 1,399,600. It had a $119,800 estimated residual value and a 8 year life. An expense account was debited on the purchase date. Quigley uses straight -line depreciation. This was discovered in 2015. Prepare the entries related to the machine for 2015.