On july 1,2020, Elite company sells a delivery truck for $80,000 cash. The delivery truck originally cost $25,000 and as of January 1,2020, had accumulated depreciation of $16,000. Depreciation for the first six months of 2020 is $2,000

How will Elite Company record the depreciation for the first 6 months of 2020 on July 1? * Debit Depreciation Expense $2,000 O and Credit Accumulated Depreciation $2,000 Debit Accumulated Depreciation O $18,000 and Credit Depreciation Expense $18,000 Debit Depreciation Expense $18,000 O and Credit Accumulated Depreciation $18,000 Debit Accumulated Depreciation O $2,000 and Credit Depreciation Expense $2,000