Hercules Company purchased a computer for $4,800 on December 1. Itis estimated that annual depreciation on the computer will be $960.If financial statements are to be prepared on December 31, thecompany 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 AccumulatedDepreciation, $3,840.

Debit Office Equipment, $4,800; Credit Accumulated Depreciation,$4,800.