A company purchased a building at the beginning of the year for $200,000 and is using straight-line depreciation to depreciate it over 20 years. The salvage value of the building is $50,000. Prepare the adjusting entry to record the depreciation expense for the current year.

DEBIT: Accumulated Depreciation for $5,000; CREDIT: Depreciation Expense for $5,000 DEBIT: Accumulated Depreciation for $7,500; CREDIT: Depreciation Expense for $7,500 DEBIT: Depreciation Expense for $5,000; CREDIT: Accumulated Depreciation for $5,000 DEBIT: Depreciation Expense for $7,500; CREDIT: Accumulated Depreciation for $7,500