James Corporation purchased a piece of equipment on January 1 of year 1. The equipment is expected to last for nine years, with estimated depreciation of $2,000 per year. With regard to this piece of equipment, the financial statements for the year ended December 31 of year 5 will report depreciation expense of ______ on the income statement and accumulated depreciation of ______ on the balance sheet.

	A.	$2,000; $2,000
	B.	$2,000; $10,000
	C.	$10,000; $2,000
	D.	$10,000; $10,000