For each asset, calculate its accumulated depreciation and carrying amount at December 31, 2021. Cost Less:...

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For each asset, calculate its accumulated depreciation and carrying amount at December 31, 2021. Cost Less: Accumulated Depreciation Carrying amount Building Vehicles $ $ Equipment Jake's Mechanics owns the following long-lived assets: Asset Building Date Purchased January 1, 2014 Cost Estimated Useful Life $44,000 20 years Vehicles December 31, 2017 28,770 7 years Equipment July 1, 2016 15,400 10 years Prepare depreciation adjusting entries for Jake's Mechanics for the year ended December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Dec. 31 Dec. 31 (To record depreciation expense for building.) Dec. 31 (To record depreciation expense for vehicles.) (To record depreciation expense for equipment.) Debit Credit For each asset, calculate its accumulated depreciation and carrying amount at December 31, 2021. Cost Less: Accumulated Depreciation Carrying amount Building Vehicles $ $ Equipment Jake's Mechanics owns the following long-lived assets: Asset Building Date Purchased January 1, 2014 Cost Estimated Useful Life $44,000 20 years Vehicles December 31, 2017 28,770 7 years Equipment July 1, 2016 15,400 10 years Prepare depreciation adjusting entries for Jake's Mechanics for the year ended December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Dec. 31 Dec. 31 (To record depreciation expense for building.) Dec. 31 (To record depreciation expense for vehicles.) (To record depreciation expense for equipment.) Debit Credit