The Acme Company purchased equipment for $15,000 on December 1. It is estimated that annual depreciation on the computer will be $3,000. If financial statements are to be prepared on December 31, the make the following adjusting entry Question 11 O debit Depreciation Expense, $12,000; credit Accumulated Depreciation, $12,000. O debit Depreciation Expense, $3,000; credit Accumulated Depreciation, $3,000. debit Depreciation Expense, $250; credit Accumulated Depreciation, $250. O debit Equipment, $15,000; credit Accumulated Depreciation, $15,000