Connecticut Company purchased a machine for $240,000 in cash on August 1, 20X1. The machine has...

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Connecticut Company purchased a machine for $240,000 in cash on August 1, 20X1. The machine has an estimated useful life of 11 years and an estimated salvage value of$23.000. Connecticut Company uses the straight-line method for computing depreciation expense. Which ONE of the following is included in the journal entry necessary to record depreciation expense on the machine for the year 20X2? A CREDIT to Accumulated Depreciation for $19.727 O A CREDIT to Accumulated Depreciation for $12,227 A CREDIT to Accumulated Depreciation for $27,227 O A CREDIT to Accumulated Depreciation for $39,455 A CREDIT to Accumulated Depreciation for $31,227 Connecticut Company purchased a machine for $240,000 in cash on August 1, 20X1. The machine has an estimated useful life of 11 years and an estimated salvage value of$23.000. Connecticut Company uses the straight-line method for computing depreciation expense. Which ONE of the following is included in the journal entry necessary to record depreciation expense on the machine for the year 20X2? A CREDIT to Accumulated Depreciation for $19.727 O A CREDIT to Accumulated Depreciation for $12,227 A CREDIT to Accumulated Depreciation for $27,227 O A CREDIT to Accumulated Depreciation for $39,455 A CREDIT to Accumulated Depreciation for $31,227

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