Oriole Company purchased equipment for $16800 on December 1. It is estimated that annual depreciation on the computer will be $3360. If financial statements are to be prepared on December 31, the company should make the following adjusting entry: O debit Depreciation Expense, $13440; credit Accumulated Depreciation, $13440. debit Depreciation Expense, $3360; credit Accumulated Depreciation, $3360. debit Equipment, $16800; credit Accumulated Depreciation, $16800. O debit Depreciation Expense, $280; credit Accumulated Depreciation, $280.