Oriole uses the diminishing-balance method at one times the straight-line depreciation rate. Oriole Limited purchased delivery equipment on March 1, 2019, for $122,500 cash. At that time, the equipment was estimated to have a useful life of five years and a residual value of $10,830. The equipment was disposed of on November 30, 2021. Oriole uses the diminishing-balance method at one times the straight-line depreciation rate, has an August 31 year end, and makes adjusting entries annually.

Record the acquisition of equipment on March 1, 2019. (List all debit entries before credit entries. 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.)

Date	Account Titles and Explanation	Debit	Credit
Mar. 1

List of Accounts

Record depreciation at August 31, 2019, 2020, and 2021. (List all debit entries before credit entries. 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. Round answers to 0 decimal places, e.g. 5,275.)

Date	Account Titles and Explanation	Debit	Credit
Aug. 31, 2019
Aug. 31, 2020
Aug. 31, 2021

List of Accounts

Record the disposal of the equipment on November 30, 2021, under each of the following independent assumptions: (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

1.		It was sold for $64,010.
2.		It was sold for $79,730.
3.		It was retired for no proceeds.

No.	Date	Account Titles and Explanation	Debit	Credit
	Nov. 30
		(To record depreciation on equipment disposed)
(1)	Nov. 30
(2)	Nov. 30
(3)	Nov. 30