Adjusting the Accounts E3-5 Action Quest Games owns the following long-lived assets: Cost Asset Estimated Useful Life Date Purchased Furniture January 1, 2008 3 years $ 9,900 Lighting equipment December 31, 2005 7 years 28,000 11,600 Computer equipment 4 years July 1, 2006 Instructions (a) Prepare amortization adjusting entries for Action Quest Games for the year ended December 31, 2008 (b) For each asset, calculate its accumulated amortization and net book value at December 31, 2008