The Ferron Company purchased equipment for $54,000 on December 1. It is estimated that annual depreciation on the computer will be $10,800. If financial statements are to be prepared on December 31, the company should make the following adjusting entry:

	a.	debit Equipment, $59,000; credit Accumulated Depreciation, $59,000.
	b.	debit Depreciation Expense, $900; credit Accumulated Depreciation, $900.
	c.	debit Depreciation Expense, $43,200; credit Accumulated Depreciation, $43,200.
	d.	debit Depreciation Expense, $10,800; credit Accumulated Depreciation, $10,800.
	e.	None of the above.