PA7.4.3 Using the following information: A. Make the December 31 adjusting journal entry for depreciation B. Determine the net book value (NBV) of the asset on December 31 Cost of asset, $250,000 Accumulated depreciation, beginning of year, $80,000 . Current year depreciation, $25,000 I PA15.4.4 Prepare an adjusted trial balance from the following account information, considering the adjustment data provided (assume accounts have normal balances). Equipment was recently purchased, so there is neither depreciation expense nor accumulated depreciation Accounts payable $9,500 Accounts receivable 14,270 Cash 22,222 Common stock 30,000 Dividends 5,000 Equipment 12,000 Prepaid insurance 25,444 Land 20,000 Notes payable 26,000 Retained earnings 12,815 Insurance expense 12,689 Service revenue 89,550 Supplies 2,750 Salaries expense 53,500 Adjustments needed: Salaries due to employees, but unpaid at the end of the period, $2,000 Insurance still unexpired at end of the period, $12,000