ABC Company purchased an equipment for JOD 17,000 on December 1. It is estimated that annual depreciation on the equipment will be JOD 1,500. If financial statements are to be prepared on December 31, the company should make the following adjusting entry: Select one: O a. Debit Depreciation Expense, JOD 1500; Credit Accumulated Depreciation, JOD 1500. O b. Debit Office Equipment, JOD 125; Credit Accumulated Depreciation, JOD 125. O c. Debit Depreciation Expense, JOD 125; Credit Accumulated Depreciation, JOD 125. O d. Debit Depreciation Expense, JOD 17000; Credit Accumulated Depreciation, JOD 17000. Previous page Next page