On January 1, 2020, Stark Company purchased a new factory for $120,000. The company expects to utilize the factory for the next 20 years before they will require a new one, and estimate that it will have a salvage value of $20,000. Stark Company uses the straight-line method to account for depreciation. What is the adjusting entry required on December 31, 2020, the year-end date, to record any yearly accrued expenses on the factory? Select one: a. Dr. Depreciation expense $6,000; Cr. Accumulated depreciation $6,000 b. Dr. Depreciation expense $5,000; Cr. Accumulated depreciation $5,000 c. Dr. Depreciation expense $6,000; Cr. Property, plant & equipment $6,000 d. Dr. Accumulated depreciation $5,000; Cr. Depreciation expense $5,000 1. DLA