1. Assume that your organization paid for a three-year maintenance contract that covers four delivery trucks that it recently purchased. The trucks are used more during the summer months than during the winter months. One of the trucks is larger than and is used less often than the other three trucks. Describe what factors you would consider and what type of evaluation you would use in order to develop a basis for adjusting journal entries for truck maintenance costs at the end of each accounting period.

2.You are an experienced accountant assigned to train a student who is in interning with your organization. He/ She tells you that he/she learned about adjusting journal entries in his/her principles of accounting class. He/ She also tells you that he/she never figured out which adjustment(s) is the most important one(s) to make at the end of an accounting period. How would you respond to the intern's comment?