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On Jan 2, 2020, a business purchased $40,000 equipment Business accountant planned to claim $200 depreciation per month for the whole year of 2020. If

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On Jan 2, 2020, a business purchased $40,000 equipment Business accountant planned to claim $200 depreciation per month for the whole year of 2020. If she records adjustments on Dec 31, 2020, which of the following adjustments will be done? Select one: O a. Debit Dep-Exp for $600 and credit ACC_DEP for $600 O b. Debit dep-exp for $200 and credit ACC_DEP for $200 OC. Debit Dep-Exp for $600 and credit Equipment for $600 Od. Debit Dep-Exp for $2,400 and credit ACC_DEP for $2,400

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