Readers, Co, reported accumulated depreciation on equipment at the end of last year at $75,000. The historical cost of the equipment is $240,000. It was bought 30 months earlier on July 1 and is being depreciated on a straight line basis over 8 years assuming no salvage value. What is the book value on Dec 31 of this year after all adjusting journal entries have been posted? \begin{tabular}{|l|} \hline$195,000 \\ $105,000 \\ $135,000,00 \\ Correct. The balance in the accumulated depreciation expense account would \\ increase by $30,000 and the book value would go down by that same amount. \\ $240,000 \end{tabular}