On April 1, 2019, a company purchases equipment for $90,000. The company uses the straight-line depreciation method and estimates that the equipment will have a useful life of five years and a salvage value of $5,000. The company's annual accounting period ends on December 31. In the adjusting entry on December 31, 2019, the company will: Boone Company uses the allowance method. On May 24, the company determines that it cannot collect $712 of its accounts receivable from a customer, D. Wilson. In the journal entry to write off Wilson's account, the company will: Accumulated Depreciation is an) _account