Three years ago a machine was purchased for 5000 assuming a

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Three years ago a machine was purchased for $5,000. Assuming a ten-year life and straight line depreciation with a no salvage value, which of the following will appear on the income statement and balance sheet respectively after four years?

a. depreciation expense of $2,000, accumulated depreciation of $2,000.

b. depreciation expense of $500, accumulated depreciation of $2,000.

c. accumulated depreciation of $2,000, depreciation expense of $500.

d. accumulated depreciation of $500, depreciation expense of $2,000.

e. depreciation expense of $1,500, accumulated depreciation of $500.

Reference no: EM13387879

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