A machine with a cost of $53,000, a salvage value of $8,000 and expected life of 15 years was purchased on September 1. For a calendar year company, the adjusting entry to record depreciation expense for the first year would be to: (Round the final answer to the nearest dollar.) O debit Depreciation Expense, $267; credit Accumulated Depreciation, $267. O debit Depreciation Expense, $200; credit Accumulated Depreciation, $200. O debit Depreciation Expense, $1000; credit Accumulated Depreciation, $1000. O debit Depreciation Expense, $67; credit Accumulated Depreciation, $67.