CUMCIL Amp 33 Marigold Company purchased equipment for $24000 on December 1. It is estimated that annual depreciation on the equipment will be $6000. If financial statements are to be prepared on December 31, the company should make the following adjusting entry: O Debit Depreciation Expense, $500; Credit Accumulated Depreciation, $500. Debit Equipment, $24000: Credit Accumulated Depreciation, $24000. O Debit Depreciation Expense. $6000; Credit Accumulated Depreciation, $6000. Debit Depreciation Expense, $18000; Credit Accumulated Depreciation, $18000