Minor Company installs a machine in its factory at the beginning of the year at a cost of $135,000. The machine's useful life is estimated to be 5 years, or 300,000 units of product, with a $15,000 salvage value. During its first year, the machine produces 64,500 units of product. What journal entry would be needed to record the machines' first year depreciation under the units- of-production method? Multiple Choice Debit Depletion Expense $25,800; credit Accumulated Depletion $25,800. Debit Amortization Expense $24,000; credit Accumulated Amortization $24,000. Debit Depletion Expense $29,025; credit Accumulated Depletion $29,025. Debit Depreciation Expense $25,800; credit Accumulated Depreciation $25,800. Debit Depreciation Expense $29,025; credit Accumulated Depreciation $29,025