Question 3 Jake's Mechanics owns the following long-lived assets: Asset Date Purchased Cost Estimated Useful Life January 1, 2010 $75,500 Vehicles December 31, 2013 30,310 7 your Equipment July 1, 2013 15,900 10 Years Your answer is correct. Prepare depreciation adjusting entries for Jake's Mechanics for the year ended December 31, 2017. (Credit account titles are automatically indented when 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.) Dale Arenut Titles and Explanation Depreciation Expense 1,070 Accumulated Depreciation - Building (To record depreciation entry for building.) Depreciation Expense Accumulated Depreciation - Vehicles 1.330 (To record depreciation entry for vehicles.) Depreciation Expense Accumulated Depreciation . Equipment (To record depreciation entry for equipment.) HOW LIST OF ADDHINTS HOW SOUPTHE LIAN TO PERT Your answer is partially correct. Try again. For each asset, calculate its accumulated depreciation and carrying amount at December 31, 2017. Building Vehicles Equip COM 30.310 Less! Accumulated Depreciation Carrying amount