High school g11 accounting question

Lima, Inc. bought a piece of equipment on July 1, 2017 and paid $24,000. Lima expects the equipment to last 12 years and then be worthless. Which ofthe following would be the correct balances for Lima on their annual financial statements as of December 31, 2019? $2,000 accumulated depreciation; $2,000 depreciation expense $2,000 accumulated depreciation; $5,000 depreciation expense $5,000 accumulated depreciation; $5,000 depreciation expense $0 accumulated depreciation; $5,000 depreciation expense $5,000 accumulated depreciation; $2,000 depreciation expense