Hercules Company purchased a computer for $4,800 on December 1. It is estimated that annual depreciation on the computer will be $960. If financial statements are to be prepared on December 31, the company should make the following adjusting entry: Debit Depreciation Expense, $960; Credit Accumulated Depreciation, $960. Debit Depreciation Expense, $80; Credit Accumulated Depreciation, $80. Debit Depreciation Expense, $3,840; Credit Accumulated Depreciation, $3,840. Debit Office Equipment, $4,800; Credit Accumulated Depreciation, $4,800