On July 1, 20X5 a company purchased equipment for $25,000. The equipment has a 10 year estimated useful life at the end of which time its salvage value is estimated to be $5,000. Assuming the company uses the straight-line method of depreciation, the company's journal entry for the equipment's depreciation for the year ended 12/31/X6 would include a credit towards:

A. Depreciation Expense for $2,000

B. Equipment for $2,000

C. Accumulated Depreciation for $3,000

D. Accumulated Depreciation for $2,000

E. None of these.