App Inc. purchased a truck for use in its business on June 30, 2019 for $50,000. The company added accessories to the truck that cost $10,000 to better suit it for use in App's business. The truck has a $5,000 salvage value and a 5 year useful life. App uses the straight line method of depreciation, what is the correct entry on App's books to record depreciation for the year 2020? Select one: Dr. Depreciation Expense $5,500. Cr. Accumulated Depreciation-Equipment $5,500 a. c. Dr. Depreciation Expense $4,500. Cr. Accumulated Depreciation-Equipment $4,500 Dr. Depreciation Expense $11,000. Cr. Accumulated Depreciation-Equipment $11,000 O d. Dr. Depreciation Expense $9,000. Cr. Accumulated Depreciation-Equipment $9,000