On January 1, 2019, Woodstock, Inc. purchased a machine costing $40.000. Woodstock also paid $1,000 for transportation and installation. The expected useful life of the machine is 6 years and the residual value is $5.000. If Woodstock uses the straight-line depreciation method, which of the following statements is INCORRECT? O A. December 31, 2021, the accumulated depreciation balance is $18.000. O B. On December 31, 2020, book value is $24.000. OC. The annual depreciation expense is $6,000. OD. December 31, 2019, book value is $35.000