Answer:
December 31
Debit : Depreciation $1,800
Credit : Accumulated Depreciation $1,800
Step-by-step explanation:
Straight line method charges a fixed amount of depreciation based on the formula :
Depreciation Expense = Cost - Salvage Value ÷ Estimated Useful Life
Depreciation Expense = ($10,000 - $1,000) ÷ 5 = $1,800