Pharoah uses the diminishing-balance method at one times the straight-line depreciation rate. Pharoah Limited purchased delivery equipment on March 1, 2019, for $140,000 cash. At that time, the equipment was estimated to have a useful life of five years and a residual value of $9,120. The equipment was disposed of on November 30,2021 . Pharoah uses the diminishing-balance method at one times the straight-line depreciation rate, has an August 31 year end, and makes adjusting entries annually. (a) 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.)