B. The company has only one fixed asset (truck) that it purchased at the start of this year. That asset had cost $64,000, had an estimated life of 5 years, and is expected to have zero value at the end of the 5 years. Accumulated depreciation -Truck 0 Step 1: Determine what the current account balance equals Step 2: Determine what the current account balance should equal Book Hint Step 3. Record the December 31 adjusting entry to get from step 1 to step 2 c. The company has only one fixed asset (equipment) that it purchased at the start of this year. That asset had cost $72,000, had an estimated life of 7 years, and is expected to be valued at $16,000 at the end of the 7 years. Accumulate -Eq FOOD STA The Food Need To K my-food-sta Step 1: Determine what the current account balance equals. Step 2. Determine what the current account balance should equal