1.	Mount Tessory Academy offers their customers private school education. Today, Mount Tessory Academy bought equipment on account which has a 5-year useful life, and which had a cost of $20,000. The company uses straight-line depreciation method.
	A	DR Accounts Payable $4,000 CR Equipment $4,000
	B	DR Equipment $4,000 CR Accounts Payable $4,000
	C	DR Equipment $20,000 CR Accounts Payable $20,000
	D	DR Accounts Payable $20,000 CR Equipment $20,000
	E	None of the above