Impaired Geostuil and Amprtitation of Putent. a$.$ Recerd the acquispien of patent. If an artount bex daes not require an antry, Wave is Blank. Anphis $1$ Betis $21$ cec, $31$Wildhorse Co$.$ purchased equipment on March $1,2022,$ for $$100,000$ on account. The equipment had an estimated useful life of five

years, with a residual value of $$5,000.$ The equipment is disposed of on February $1,2025.$ Wildhorse Co$.$ uses the diminishing$-$balance

method of depreciation with a $20\%$ rate and calculates depreciation for partial periods to the nearest month. The company has an

August $31$ year end.

$($a$)$

Record the acquisition of the equipment on March $1,2022.($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. List debit entry

before credit entry.$)$

Date Account Titles

Debit

Credit

Mar. $1$