2,30 Saved Help Save & Exit Subm Accumulated Depreciation. The Krug Company's Accumulated Dopraelation account han510.500 balanca review of depreciation schedulos revons that 520,600 of depreciation expense must be recorded for the year Accumu Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. b. Accumulated Depreciation. The company has only one fixed asset (truck) that it purchased at the start of this had cost $54,000, had an estimated life of 5 years, and is expected to have zero value at the end of the 5 years. Stocumula Step 1: Determine what the current account balance equals Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. c. Accumulated Depreciation. The company has only one fixed asset (equipment) that it purchased at the start of t asset had cost $52,000, had an estimated life of 7 years, and is expected to be valued at $10,000 at the end of the 7 MacBook Air