Acadia Inc. owns the following long-lived assets: E4-5 fo Asset Date Purchased Cost Estimated Useful Life ca Vehicles Jan. 1, 2017 July 1, 2018 3 years 5 years $33,000 (L Equipment 15,000 Instructions (a) Prepare depreciation adjusting entries for each asset for the year ended December 31, 2018, assuming the uses straight-line depreciation and adjusts its accounts annually (b) For each asset, calculate its accumulated depreciation and carrying amount at December 31, 2018. company