Remaz Corp $\begin{array}{cc} \text { Equipment} & \text { Accumulated Depreciation } \\\end{array}$

Remaz Corp.purchased equipment at a cost of $220,000 in January,2016.As of January 1,2017,depreciation of $160,000 had been recorded on this asset.Depreciation expense for 2017 is $50,000.After the adjustments are recorded and posted at December 31,2017,what are the balances for Equipment and Accumulated Depreciation?

$\begin{array}{cc} \text { Equipment} & \text { Accumulated Depreciation } \\\end{array}$

a.
$\begin{array}{cc}&\$220,000&&&\$210,000\end{array}$

b.
$\begin{array}{cc}&\$220,000&&&&\$0\end{array}$

c.
$\begin{array}{cc}&\$160,000&&&\$50,000\end{array}$

d.
$\begin{array}{cc}&\$120,000&&&\$210,000\end{array}$