Lester Company Purchases a Piece of Equipment on Jan $$\begin{array} { l } \text { Depreciation Expense- Equipment }&3,750 \\\quad \text { Cash }&&3,750\end{array}$$

Lester Company purchases a piece of equipment on Jan.2,2010,for $30,000.The equipment has an estimated life of eight years or 50,000 units of production and an estimated residual value of $3,000.Lester uses a calendar fiscal year.The entry to record the amount of depreciation for 2010,using the straight-line method,is:

A) $$\begin{array} { l } \text { Depreciation Expense- Equipment }&3,750 \\\quad \text { Cash }&&3,750\end{array}$$
B)
$\begin{array}{llr} \text { Depreciation Expense - Equipment} &3,375\\ \text { Accumulated Depreciation- Equipment } &&3,375\\\end{array}$

C)
$$\begin{array} { l l l } \text { Depreciation Expense - Equipment }& 2,500 \\\text { Accumulated Depreciation- Equipment}& & 2,500 \end{array}$$
D)
$\begin{array}{l}\text { Accumulated Depreciation - Equipment }&2,250 \\\text { Cash }&&2,250\end{array}$