This answer is wrong and so is (v1)depreciation expense(v2)833.33(v3)delievery van and (v4)833.33 I can't figure out this answer it says to never mess with the asset account? And I should not be interested in the market value of the van?

ssment/review/review.jsprattempt_Id=_14990447_fact Response Tecoback. THISIS now Tovenue to you. 0.5 out of 1 points estion 17 On December 1, 2015, the company purchased a delivery van for $50,000 which is expected to last 60 months. The trade-In value of the van on December 31, 2015 Is $45,000. The adjusting journal entry on December 31, 2015 is: [v1] [V3] [v2] [V4] Selected On December 1, 2015, the company purchased a delivery van for $50,000 which is expected to last 60 months. The trade-in value of the Answer: van on December 31, 2015 is $45,000. The adjusting journal entry on December 31, 2015 is: Depreciation Delivery Expense Van $5,000 $833.33 Response After you buy the van, never mess with the asset account. Also, you are never interested in the market value of the asset when Feedback: computing depreciation expense