Holman Company owns equipment with an original cost of $95,000 and an estimated salvage value of $5,000 that is being depreciated at $15,000 per year using the straight-line depreciation method, and only prepares adjustments at year-end. The adjusting entry needed to record annual depreciation is: Multiple Choice Debit Depreciation Expense, $15,000; credit Equipment, $15,000. Debit Equipment, $15,000; credit Accumulated Depreciation, $15,000. Debit Depreciation Expense, $10,000; credit Accumulated Depreciation, $10,000. Debit Depreciation Expense, $10,000; credit Equipment, $10,000. Debit Depreciation Expense, $15,000; credit Accumulated Depreciation, $15,000