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Blossom Ice Fishing Limited purchased ice fishing huts on December 1,2023, for $123,000 cash. At...

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Accounting

Blossom Ice Fishing Limited purchased ice fishing huts on December 1,2023, for $123,000 cash. At that time, the huts were estimated to have a useful life of 10 years and a residual value of $25,000. The huts were disposed of on July 31,2026. Blossom uses the double-diminishing-balance method at two times the straight-line depreciation rate, has a March 31 year end, and makes adjusting entries annually.
record depreciation at march 31,2024,2025,2026
Record depreciation at March 31,2024,2025, and 2026.(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.)
\table[[Date Account Titles and Explanation,,],[31,2024 Depreciation Expense,,],[,Accumulated Depreciation - Buildings,],[31,2025,Depreciation Expense,],[31,2026,Depreciation Expense,],[,,],[,,]]
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