Disc Company purchased equipment at the beginning of 2008 for $500,000. The company decided to depreciate the equipment over a 10-year period using the straight-line method. The company estimated the equipment's residual value at $50,000. The journal entry to record depreciation expense for 2009 is a debit to a. Depreciation Expense and a credit to Accumulated Depreciation for $50,000. b. Accumulated Depreciation and a credit to Equipment for $50,000. c. Depreciation Expense and a credit to Equipment for $45,000. d. Depreciation Expense and a credit to Accumulated Depreciation for $45,000.