Parker Company purchased an asset costing $20,000 on January 1, 2006. The asset had an expected five year life and a $2,000 salvage value. Based on this information, the amount of depreciation expense and accumulated depreciation appearing on the 2008 financial statements would be (assume straight-line depreciation):

a. $3,600 and $10,800, respectively.

b. $3,600 and $14,400, respectively.

c. $4,000 and $16,000, respectively.

d. $4,000 and $12,000, respectively.