Delaware Company purchased a machine for $300,000 in cash on August 1, 20X1. The machine has an estimated useful life of 12 years and an estimated salvage value of $23,000. Delaware Company uses the straight-line method for computing depreciation expense.

Which ONE of the following is included in the journal entry necessary to record depreciation expense on the machine for the year 20X2?

A CREDIT to Accumulated Depreciation for $23,083

A CREDIT to Accumulated Depreciation for $34,583

A CREDIT to Accumulated Depreciation for $46,167

A CREDIT to Accumulated Depreciation for $15,583

A CREDIT to Accumulated Depreciation for $30,583