Selected T-account balances for Bloomfield Company are shown below as of January 31, 2017: accounting adjustments have already been posted. The firm uses a calendar-year accounting period, prepares monthly adjustments and uses straight-line depreciation. Truck Accumulated Depreciation Jan. 31 Bal. 10,200 Bal. 4,080 If the truck has a useful life of five years (or 60 months) and a salvage value of $2,200, how many months has Bloomfield owned the truck? Selected T-account balances for Bloomfield Company are shown below as of January 31, 2017: accounting adjustments have already been posted. The firm uses a calendar-year accounting period, prepares monthly adjustments and uses straight-line depreciation. Truck Accumulated Depreciation Jan. 31 Bal. 10,200 Bal. 4,080 If the truck has a useful life of five years (or 60 months) and a salvage value of $2,200, how many months has Bloomfield owned the truck