1.The adjusted trial balance is prepared A. after financial statements are prepared. B. before the trial balance. C. to prove the equality of total assets and total liabilities. D. after adjusting entries have been journalized and posted. 2. Depreciation expense for a period is computed by taking the A. original cost of an asset - accumulated depreciation. B. depreciable cost + depreciation rate. C. cost of the asset + useful life. useful life. D. market value of the asset 3. Accrued revenues are A. received and recorded as liabilities before they are earned. B.amed and recorded as labitis efore they are received. C. earned but not yet received or recorded. D. earned and already received and recorded