For each separate case below, follow the three-step process for adjusting the Accumulated Depreciation account at December 31. Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 . Assume no other adjusting entries are made during the year. b. Accumulated Depreciation: The company has only one plant asset (truck) that it purchased at the start of this year. That asset had cost $46,000, had an estimated life of five years, and is expected to have zero value at the end of the five years. The company uses straight line depreciation method to calculate its depreciation. Saved b. Accumulated Depreciation: The company has only one plant asset (truck) that it purchased at the start of this year. That asset had cost $46,000, had an estimated life of five years, and is expected to have zero value at the end of the five years. The company uses straight line depreciation method to calculate its depreciation. \begin{tabular}{|l|l|l|} \hline Step 1: Determine what the current account balance equals. \\ \hline Step 2. Determine what the current account balance should equal. \\ \hline Step 3. Record the December 31 adjusting entry to get from step 1 to step 2. \\ \hline & \\ \hline & & \\ \hline \end{tabular} c. Accumulated Depreciation: The company has only one plant asset (equipment) that it purchased at the start of this year. That asset had cost $36. nno had an estimatod lifa nf savan vars and is ovnortarl tn havaluorl at \&5 onn at tha and nf tha savan