McGwire and Canseco, LLC purchased equipment to manufacture baseball bats at the beginning of the year for $21,000. The equipment will be depreciated over a 5 year period using the straight line method. The equipment's residual value was estimated at $1,000. The estimated fair market value of the equipment at the end of the year was $20,000. Which of the following statements is correct at the end of the year? O A. The equipment will be reported on the balance sheet at it's fair market value of $20,000 B. The total accumulated depreciation is $4,200 C. The balance in the equipment account is $17,000 D. The book value of the equipment is $17,000