Question

Determine the adjusted balance in the trucks account and accumulated depreciation—trucks at the end of the year.

a) $212,488 and $89,470
b) $212,988 and $99,530
c) $213,018 and $100,530
d) $211,500 and $88,000

Answer 1

To determine the adjusted balance in the trucks account at the end of the year, subtract the accumulated depreciation from the initial balance of the trucks account. The specific value of the accumulated depreciation is not provided. None of the given options can be determined with the given information.

Step-by-step explanation:

To determine the adjusted balance in the trucks account at the end of the year, we need to consider the initial balance of the trucks account and the accumulated depreciation.

Assuming the initial balance of the trucks account is $200,000 and the accumulated depreciation is $12,000, we can calculate the adjusted balance using the formula:

Adjusted balance = Initial balance - Accumulated depreciation

Adjusted balance = $200,000 - $12,000 = $188,000

Therefore, the adjusted balance in the trucks account at the end of the year is $188,000. As for the accumulated depreciation—trucks, the question does not provide any information. So, none of the given options (a), b), c), d)) can be determined with the given information.