Crane Inc. owns the following long-lived assets: Asset Vehicles Equipment Date Purchased Jan 1, 2020 July 1, 2021 Cost $34,650 10,750 Estimated Useful Life 3 years 5 years Prepare depreciation adjusting entries for each 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 occount 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.) Date Debit Credit Dec. 31 Account Titles and Explanation Depreciation Expense Accumulated Depreciation - Vehicles Depreciation Expense Dec. 31 Accumulated Depreciation - Buildings List of Accounts Depreciation Expense 0. !! Accumulated Depreciation - Vehicles Dec. 31 Depreciation Expense Accumulated Depreciation - Buildings List of Accounts For each asset, calculate its accumulated depreciation and carrying amount at December 31, 2021 Vehicles Equipment $ Accumulated depreciation Carrying amount $ $ List of Accounts Save for Later