A company purchased a truck for $20,000 on January 1. 1999. The truck has an estimated salvage value of S5.000 and is expected to last five years. Adjusting entries are prepared only at year-end. The necessary adjusting entry at December 31.1 999. the company's year-end. is: pg85

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a. Depreciation Expense-Trucks Accumulated Deprecia- tion-Trucks. 4,000 4.000 b. Depreciation Expense--Trucks 3.000 Trucks 3.000 c. Depreciation Expense-Trucks 3.000 Accumulated Deprecia- tion-Trucks. 3.000