Victory Company purchases office equipment at the beginning of the year at a cost of $15,000. The machine's useful life is estimated to be 7 years with a $1,000 salvage value. The journal entry to record the first year depreciation is:

Debit Depreciation Expense $2,143; credit Accumulated Depreciation $2,143. Debit Depreciation Expense $2,000; credit Office Equipment $2,000. Debit Office Equipment $2,000; credit Accumulated Depreciation $2,000. Debit Accumulated Depreciation $2,143; credit Office Equipment $2,143. Debit Depreciation Expense $2,000; credit Accumulated Depreciation $2,000.