A machine costing $$27,000$ with a residual value of $$2,000$ is to be depreciated on a straight$-$line basis over $5$ years. What is the adjusting entry for a full year of depreciation?

A$.$

Depreciation expense

$$5,000$

Machine

$$5,000$

B$.$

Depreciation expense

$$5,000$

Cash

$$5,000$

C$.$

Machine

$$27,000$

Cash

$$20,000$

Depreciation expense

$5,000$

Residual value

$2,000$

D$.$

Depreciation expense

$$5,000$

Accumulated depreciation

$$5,000$