Wildhorse Inc. began operations on October 1, 2025. The company acquired a building on that date for $404,000. The useful life of the building is 25 years and the salvage value is $44,300. This is Wildhorse's only building. If the company uses straight-line depreciation, the adjusting journal entry to record depreciation on the building at December 31, 2025 is:
a. debit accumulated depreciation-building and credit depreciation expense, $14,388
b. debit building and credit cash, $404,000
c. debit depreciation expense and credit accumulated depreciation-building, $3,597
d. debit depreciation expense and credit accumulated depreciation-building, $14,388