Skysong, Inc. purchased equipment for $12300 on December 1. It is estimated that annual depreciation on the computer will be $2460. If financial statements are to be prepared on December 31, the company should make the following adjusting entry: debit Depreciation Expense, $2460; credit Accumulated Depreciation, $2460. debit Depreciation Expense, $205; credit Accumulated Depreciation, $205. debit Depreciation Expense, $9840; credit Accumulated Depreciation, $9840. O debit Equipment, $12300; credit Accumulated Depreciation, $12300