diff --git a/hledger-lib/Hledger/Reports/MultiBalanceReport.hs b/hledger-lib/Hledger/Reports/MultiBalanceReport.hs
index 14b43b1e7..b3856d21e 100644
--- a/hledger-lib/Hledger/Reports/MultiBalanceReport.hs
+++ b/hledger-lib/Hledger/Reports/MultiBalanceReport.hs
@@ -311,12 +311,11 @@ calculateReportMatrix rspec@ReportSpec{_rsReportOpts=ropts} j priceoracle startb
     -- Transpose to get each account's balance changes across all columns, then
     -- pad with zeros
     allchanges     = ((<>zeros) <$> acctchanges) <> (zeros <$ startbals)
-    acctchanges    = dbg5 "acctchanges" . addElided $ transposeMap colacctchanges
+    acctchanges    = dbg5 "acctchanges" $ transposeMap colacctchanges
     colacctchanges = dbg5 "colacctchanges" $ map (second $ acctChangesFromPostings rspec) colps
 
     avalue = acctApplyBoth . mixedAmountApplyValuationAfterSumFromOptsWith ropts j priceoracle
     acctApplyBoth f a = a{aibalance = f $ aibalance a, aebalance = f $ aebalance a}
-    addElided = if queryDepth (_rsQuery rspec) == Just 0 then HM.insert "..." zeros else id
     historicalDate = minimumMay $ mapMaybe spanStart colspans
     zeros = M.fromList [(span, nullacct) | span <- colspans]
     colspans = map fst colps
diff --git a/hledger/test/balance/depth.test b/hledger/test/balance/depth.test
index 7f4a94143..c0a962d77 100644
--- a/hledger/test/balance/depth.test
+++ b/hledger/test/balance/depth.test
@@ -8,20 +8,19 @@ hledger -f sample.journal balance --no-total --depth 1
 >>>=0
 
 # 2. Depth 0 aggregates everything into one line
-hledger -f sample.journal balance --no-total --depth 0
+hledger -f sample.journal balance --no-total --depth 0 assets
 >>>
-                   0  ...
+                 $-1  ...
 >>>=0
 
 # 3. Ditto in a multi-column balance report.
-hledger -f sample.journal balance -M -e 2008/2 --depth 0
+hledger -f sample.journal balance -M -e 2008/2 --depth 0 assets
 >>>
 Balance changes in 2008-01:
 
      || Jan 
 =====++=====
- ... ||   0 
+ ... ||  $1 
 -----++-----
-     ||   0 
+     ||  $1 
 >>>=0
-