Equipment with a Residual Value of $50,000 at the End

Equipment with a residual value of $50,000 at the end of 10 years was acquired at the beginning of Year 1 for $500,000.Assuming the use of straight-line depreciation,how will depreciation expense for Year 2 be recorded in the journal entry?

A) Depreciation expense will be debited and accumulated depreciation will be credited for $50,000.
B) Accumulated depreciation will be debited and equipment will be credited for $50,000.
C) Depreciation expense will be debited and equipment will be credited for $45,000.
D) Depreciation expense will be debited and accumulated depreciation will be credited for $45,000.