Question: 54253 If a fixed asset, such as a computer, were purchased on January 1st for $2,209.00 with an estimated life of 4 years and a

54253 If a fixed asset, such as a computer, were purchased on January 1st for $2,209.00 with an estimated life of 4 years and a salvage or residual value of $165.00, what is the journal entry for monthly expense under straight-line depreciation? Select the correct answer O Ace Depreciation 34258 Depreciation Expense Accued Depreciation 5511 Deprecamp SS1100 Accumulated Derection 5628 Depreciation 151100 Now De 5511 508

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