Unformatted text preview: balance in the accumulated depreciation–vehicles account from the $15,000 debit balance in the vehicles account. Many accountants calculate the depreciation of long-lived assets to the nearest month. Had Mr. Green purchased the truck on April 16 or later, he might not make this adjusting entry until the end of May....
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- Fall '10
- Depreciation, $15,000, $200, Mr. Green, net book value, $14,800