1 & II (ACCT 350/351) Question 36 CALCULATOR BACK NEET Vaughn Manufacturing purchased equipment for $15300 on December 1. It is estimated that annual depreciation on the computer will be $3050. 1 financial statements are to be prepared on December 31, the company should make the following adjusting entry: debit Depreciation Expense, $255; credit Accumulated Depreciation, $255. debit Equipment, $15300; credit Accumulated Depreciation, $15300. debit Depreciation Expense, $12240; credit Accumulated Depreciation, $12240. O debit Depreciation Expense, $3060; credit Accumulated Depreciation, $3060. Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used SUBMIT