The balance sheet of Company A reveals the following: Equipment (eight-year expected life) Less: Accumulated Depreciation Book Value $80,000 (65,000) $15,000 From the above information, the following conclusion could be drawn: O a. The fait market value of Company A's equipment is $15,000. b. $65.000 has been recognized as expense since the equipment was acquired, Oc This company has set aside $65.000 in cash to purchase new equipment when the present equipment is fully depreciated Od Depreciation expense for the current year is $65.000