A company purchased a piece of equipment for $250,000 on March 1, 2021. The estimated useful life is 10 years with a salvage value of $10,000 at the end of the 10-year period. The company uses the straight-line depreciation method. What would be the journal entry to record depreciation expense for the month of March 2021? O Debit Accumulated Depreciation for $1,000 and Credit Depreciation Expense for $1,000 O Debit Accumulated Depreciation for $1,000 and Credit Property, Plant, & Equipment for $1,000 Debit Depreciation Expense for $2,000 and Credit Property, Plant, & Equipment for $2,000 Debit Depreciation Expense for $2,000 and Credit Accumulated Depreciation for $2,000