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Determine what the current account balance should equal

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Reference no: EM132497219

For each separate case below, follow the three-step process for adjusting the Accumulated Depreciation account at December 31.

Part 1: Determine what the current account balance equals.

Part 2: Determine what the current account balance should equal.

Part 3: Record the December 31 adjusting entry to get from Part 1 to Part 2.

Reference no: EM132497219

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