Question: If a fixed asset, such as a computer, were purchased on January 1st for $3.750 with an estimated life of 3 years and a salvage

If a fixed asset, such as a computer, were purchased on January 1st for $3.750 with an estimated life of 3 years and a salvage or residual value of $1.50, the journal entry for monthly expense under straight line depreciation is:

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