JMV Company purchased a computer for 24,000 on December 1. It is estimated that annual depreciation on the computer will be 4,800. If financial statements are to be prepared on December 31, JMV should make which adjusting entry in the year of purchase? *

A. Debit Depreciation Expense 1,920; Credit Accumulated Depreciation, 1,920

B. Debit Depreciation Expense, 400; Credit Accumulated Depreciation, 400

C. Debit Depreciation Expense 4,800; Credit Accumulated Depreciation, 4,800

D. Debit Office Equipment, 2,400; Credit Accumulated Depreciation, 2,400