26 ABC Corp. purchased a building on April 1, 2020, that was put on the books at $500,000. The building is expected to be used for 25 years and at the end of the 25 years will be sold for an estimated selling price of $100,000. ABC closes its books at the end of every calendar year ABC Corp. uses the straight-line method of depreciation. Based on this information, which of the following is correct? 20:30 Multiple Choice Depreciation Expense at 12/3120 is $ 16,000 Accumulated Depreciation at 12/3121 is $ 28,000 Depreciation Expense at 12/312021 is $12,000 0 Accumulated Depreciation at 12/3120 is $15,000