Acadia Inc. owns the following long-lived assets: Asset Vehicles Equipment Date Purchased Jan. 1, 2017 July 1, 2018 Cost $40,200 29,000 Estimated Useful Life 3 years 5 years (a) Prepare depreciation adjusting entries for each asset for the year ended December 31, 2018, assuming the company uses straight-line depreciation and adjusts its accounts annually. (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 0 for the amounts. Record journal entries in the order presented in the problem.) Debit Credit Date Account Titles and Explanation Dec. 31 Dec. 31 SHOW LIST OF ACCOUNTS LINK TO TEXT