Question 2 of 9 View Policies Show Attempt History < Current Attempt in Progress Sheffield Inc. owns the following long-lived assets: Asset Date Purchased Cost Estimated Useful Life. Vehicles Equipment Jan. 1.2020 $29.190 3 years July 1, 2021 18.750 5 years 3/6 = ! Your answer is correct. 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 account titles are all if an entrs "No Entry for the account titles