At the end of the first year, Leo would record depreciation expense of $2,000 by debiting the expense account and crediting the accumulated depreciation account. Since the accumulated account is a balance sheet account, it is not closed at the end of the year and the $2,000 balance is rolled to the next year.
When the founders of New Hampshire came up with the motto Live Free or Die, they didn't leave a lot of wiggle room, he said to a crowd in Milford's town hall in his first New Hampshire appearance since announcing his run for president. New Hampshire founders didnât seek out the mushy middle.
These a states with mottos that focus on liberty. 1  Delaware: Liberty and Independence. 2  Iowa: Our Liberties We Prize, and Our Rights We Will Maintain. 3  Massachusetts: Ense petit placidam sub libertate quietem. ( 4 By the Sword We Seek Peace, but Peace Only under Liberty).