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Wildhorse Co. purchased equipment for $16200 on December 1. It is estimated that annual depreciation on the computer will be $3240. If financial statements are to be prepared on December 31, the company should make the following adjusting entry:debit Depreciation Expense, $3240; credit Accumulated Depreciation, $3240.debit Depreciation Expense, $270; credit Accumulated Depreciation, $270.debit Depreciation Expense, $12960; credit Accumulated Depreciation, $12960.debit Equipment, $16200; credit Accumulated Depreciation, $16200.
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