Concord Inc. owns the following long-lived assets: Asset Vehicles Equipment Date Purchased Jan. 1, 2020 July 1, 2021 Cost $33,720 14,800 Estimated Useful Life 3 years 5 years cach asset for the year ended December 31, 2021, assuming the company uses straight-line depreciation and adjusts its accounts annually. (List all debit entries before credit entries. Credit account thes are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account tides and enter for the amounts Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Dec. 31 Depreciation Expense 11.240 Accumulated Depreciation - Vehicles 11.240 Dec. 31 Depreciation Expense 1480 Accumulated Depreciation - Equipment 1480 Attempts: 1 of 1 used Atter (b) For each asset, calculate its accumulated depreciation and carrying amount at December 31, 2021. Vehicles Equipment Accumulated depreciation $ Carrying amount $ $ Save for Later Attempts:0 of 1 used