5.28/16 Question 6 View Policies Show Attempt History Current Attempt in Progress Blossom Limited purchased delivery equipment on March 1, 2016, for $133,750 cash. At that time, the equipment was estimated to have a useful life of five years and a residual value of $10,800. The equipment was disposed of on November 30, 2018. Blossom uses the diminishing-balance method at one times the straight-line depreciation rate, has an August 31 year end, and makes adjusting entries annually. (a) Your answer is correct. Record the acquisition of equipment on March 1, 2016. (Credit account titles are automatically indented when the 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.) Debit Credit Date Account Titles and Explanation Mar. 1 Fauinment Cash 1633750 13.750 List of Accounts Attempts: 1 of 3 used 2/2 Question Part Score (b) Your answer is partially correct. Record depreciation at August 31, 2016, 2017, and 2018. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Debit Credit Date Account Titles and Explanation Aug. 31, 2016 Depreciation Expense Accumulated Depreciation Aug. 31, 2017 Depreciation Expense Accumulated Depreciation Aug. 31, 2018 Depreciation Expense [Accumulated Depreciation List of Accounts Save for Later Attempts: 1 of 3 used Submit Answer Question Part Score 3.36/6