[Solved] On January 1, 2008 Marsh Company purchased and installed a telephone system at a cost of $20,000. The equipment was expected to last five years with a salvage value of $3,000. On January 1, 2009 more telephone equipment was purchased to tie-in with the current system for $10,000. The new equipment is expected to have a useful life of four years. Through an error, the new equipment was debited to Telephone Expense. Marsh Company uses the straight-line method of depreciation. Instructions Prepare a schedule showing the effects of the error on Telephone Expense, Depreciation Expense, and Net Income for each year and in total beginning in 2009 through the useful life of the new equipment. Mental Image: An experience that resembles visual perception in the absence of external stimuli, involving the imagination or memory of visual representations. Sexual Instinct: A primal drive or impulse related to sexual desires and activities. Erotic Sexuality: Aspects of sexuality that involve sexual desire, fantasies, and behaviors that seek pleasure and intimacy. Personal Unconscious: The personal unconscious contains memories and ideas that are not currently in conscious awareness but can easily be brought to consciousness.