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Acadia Inc. owns the following long-lived assets: Asset Vehicles Equipment Date Purchased Jan. 1, 2017 July 1, 2018 Cost $40,500 22,000 Estimated Useful Life 3

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Acadia Inc. owns the following long-lived assets: Asset Vehicles Equipment Date Purchased Jan. 1, 2017 July 1, 2018 Cost $40,500 22,000 Estimated Useful Life 3 years 5 years - Your answer is partially correct. For each asset, calculate its accumulated depreciation and carrying amount at December 31, 2018. Vehicles 13,500 Equipment 2,200 Accumulated depreciation $ $ $ Carrying amount 27,000 19,800

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