Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000. The machine's useful life is estimated to be 5 years, or 400,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 84,500 units of product. What journal entry would be needed to record the machines' second year depreciation under the units-of-production method?

Debit Depletion Expense $16,000; credit Accumulated Depletion $16,000.

Debit Depletion Expense $16,900; credit Accumulated Depletion $16,900.

Debit Depreciation Expense $16,900; credit Accumulated Depreciation $16,900.

Debit Amortization Expense $16,900; credit Accumulated Amortization $16,900.

Debit Depreciation Expense $16,000; credit Accumulated Depreciation $16,000.