View Policies Current Attempt in Progress Blossom Limited purchased delivery equipment on March 1, 2016, for $133.750 cash. At that time, the equipment was estimated to have a useful life of five years and a residual value of $10,800. The equipment was disposed of on November 30, 2018. Blossomuses 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, 2016. (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 for the amounts) Date Account Titles and Explanation Debit Credit Mar. 1 e Textbook and Media List of Accounts Question 2 of 3 ./10 Record depreciation at August 31, 2016, 2017, and 1018. (Credit accountles are automatically indeed when the mouth en De not indent manually. If no entry is required, select "No Entry for the accounts and for the amounts Round to decimal plan. 5.275J Date Account Titles and Explanation Aug. 31, 2016 Debit Aug 31, 2017 Aug. 31, 2018 e Textbook and Media List of Accounts Question 2 of 3 > 710 Record the disposal of the equipment on November 30, 2018, under each of the following independent assumption: 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 decimal places, 6.5.275. I no entry is required, select "No Entry for the accounties and enter for the amounts.) 1. It was sold for $62,870 2. It was sold for $82,920 3. It was retired for no proceeds. Debit Credit No. Date Account Titles and Explanation Nov. 30 (To record depreciation on equipment disposed) (1) Nov. 30