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What will be the new balance on the accumulated depreciation

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Question - Assume a Van cost $4000 and the straight line depreciation amount each year is $50. Suppose accumulated depreciation taken so far was $400. What adjustments have to be made to the accumulated depreciation and depreciation expense accounts? What will be the new balance on the accumulated depreciation account? What goes to which columns on the work sheet?

Reference no: EM131700806

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