Hello, for the van which is value 16000, and depreciates 250 monthly, I have recorded the adjusting here as below

Depreciation expense 250

Acc Depreciation 250

and I made the value of the van stays the same is that correct

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AutoSave OF APvc ... Shipping Inc Accounting Cycle Spreadsheet Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Times New Roman v 12 ~ A V 2. Wrap Text Custom X [G 2 Insert Delete Y v Paste A Y = = -- Merge & Center v $ % SA 20 Conditional Format Cell Formatting es Table Styles # Format Sort & Filter Find & Select Analyze Data BIU x = fx=1100 B26 A A C D E F G I L M N O P Q R S S Credit Debit 195,260 206,1100 55,500 3,520 26,000 16,000 16,000 1 Adjusted Trial Balance Summary 2 As of January 31, 2021 3 4 S Description 6 Cash 7 Aquunts Receivable 2 Inventory 9 Prepaid Insur 10 Tumituru & Fixtures 11 Commiter quisment 12 Van 13 Accum. Dep. T&T 14 Accum Dep. - Comprar 15 Acum. Dep. - Van 16 Accounts Payahle 17 Salaris Payable 12 Incrat Payable 19 Deferred Reme 20 Notes l'ayable 21 Commen Sinck 22 Kind Earnings 23 Service Revenue 24 Sales Revenge 25 COGS 26 Depreciation Expense 27 Interest Expanse 22 Salary and Wage Expose 29 Insurance Tixpense 30 Maintenance Expo 31 Total 32 33 34 35 1,700 6,350 250 105,400 5900 400 2,000 60,000 165,000 132,200 3,000 210,000 125,000 1.100 4001 44,100 320 2,000 692,200.00 692,200.00 692,200.00 37 38 39 40 41 Beginning Trial Balance Journal Entries Accounts Ending Trial Balance Adjusting Entries Adjusted Trial Balance Income Statment Closing Entries Closing Trial Balance Retained + + 100% Ready