On January 1, 2008, Desmet Company purchased office equipment that cost $29,000 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $2,400. The equipment had a five year useful life and a $2,600 expected salvage value.

Using straight line depreciation, determine the amount of depreciation expense and the amount of accumulated depreciation that would appear on the December 31, 2010 financial statements.:

a.	$4,840 / $14,520.
b.	$5,760 / $17,280.
c.	$4,848 / $14,544.
d.	$5,760 / $5,760.