Please double check my answer:

At beginning of year 1, LSUS purchased a $10,000 manufacturing equipment that is estimated to be used for five years. (no residue value after five years) If the equipment is going to be depreciated evenly over five years, what would be the correct adjusting entry at end of year1 for this equipment?

10000/5=2,000/yr:

1. Debit accumulated depreciation for $1,000; credit depreciation expense for $1,000.
2. Debit depreciation expense for $2,000; credit accumulated depreciation for $2,000
3. Debit depreciation expense for $10,000; credit equipment for $10,000
4. Debit accounts payable for $1,000; credit depreciation expense for $1,000