1. On January 1, 20X3, Emilys Boutique purchased equipment for $100,000 that is expected to have a 10-year useful life and a $4,000 salvage value. Straight-line depreciation is used. Adjusting entries are made monthly. What is the adjusting entry for depreciation expense for the month ending December 31, 20X3?

   	a.	Debit: Depreciation expense: equipment..9,600 Credit: Accumulated depreciation: equipment....9,600
   	b.	Debit: Depreciation expense: equipment.800 Credit: Accumulated depreciation: equipment...800
   	c.	Debit: Depreciation expense: equipment10,000 Credit: Accumulated depreciation: equipment..10,000
   	d.	Debit: Depreciation expense: equipment.833 Credit: Accumulated depreciation: equipment...833