Thank you!

D. Accumulated Depreciation. The company has only one plant asset truck) that it purchased at the start of the year. That asset had cost 563.000, had an estimated te of five years, and is expected to have zero value at the end of the five years. The company uses straight line depreciation method to calculate is depreciation Accumulated depreciation Truck Stap 1 Determine what the current account balance equals Step 2. Determine what the current account balance should equal Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 20 c. Accumulated Depreciation: The company has only one plant asset (equipment that it purchased at the start of this year. That asset had cost $70,000, had an estimated life of seven years, and is expected to be valued at $15.400 at the end of the seven years. The company uses straight line depreciation method to calculate its depreciation Accumulated depreciation Equipment Step 1: Determine what the current account balance equals Step 2: Determine what the current account balance should equal Step 3. Record the December 31 adjusting entry to get from step 1 to step 2