On January 1 ABC Catering purchased an oven for $5.000. The oven is expected to last five years and have no salvage valse Select the adjusting entry made on December 31, to record the depreciation of the oven for one year Multiple Choice Aeeeunt Name Depreciation expense $1,000 Accumulated depreciation Equint Credit $1,000 Credit Account Name Accumulated depreciation prent Equipment Debit $1,000 51,000 Account Man Depreciation expense Equipment Debit $1,000 Credit $1,600 Credit Account Name Mooimalated depreciation Equipment Depreciation expense $1,000 $1,000