Abusinessacquiredequipmentfor$150,000onJanuary1,2015.Theequipmentwillbedepreciatedoverfiveyearsofitsusefullifeusingthestraight-linedepreciationmethod.ThebusinessrecordsdepreciationonceayearonDecember31.Whichofthefollowingistheadjustingentryrequiredtorecorddepreciationonequipmentfortheyear2015?(Assumethesalvagevalueoftheacquiredequipmenttobezero.)

Debit $30,000 to Depreciation Expense and credit $30,000 to Accumulated Depreciation.

Debit $150,000 to Depreciation Expense and credit $150,000 to Accumulated Depreciation.

Debit $30,000 to Depreciation Expense and credit $30,000 to Equipment.

Debit $150,000 to Equipment and credit $150,000 to Cash.