View Policies Current Attempt in Progress Kingbird, Inc. purchased equipment for $17100 on December 1. It is estimated that annual depreciation on the computer will be $3420. If financial statements are to be prepared on December 31, the company should make the following adjusting entry: debit Depreciation Expense, $13680; credit Accumulated Depreciation, $13680. O debit Depreciation Expense, $3420; credit Accumulated Depreciation, $3420. O debit Depreciation Expense, $285; credit Accumulated Depreciation, $285. O debit Equipment, $17100; credit Accumulated Depreciation, $17100. Save for Later Attempts: 0 of 1 used Submit