If a fixed asset, such as a computer, were purchased on January 1st for $1,658 with an estimated life of 7 years and a salvage or residual value of $153, the journal entry for monthly expense under straight-line depreciation is Oa. Accumulated Depreciation 17.92 Depreciation Expense 17.92 Ob. Depreciation Expense 17.92 Accumulated Depreciation 17.92 Oc. Accumulated Depreciation 215.00 Depreciation Expense 215.00 Od. Depreciation Expense 215.00 Accumulated Depreciation 215.00 Next > All work saved. Save and tal Submit Test for Grading The Weber Company purchased a mining site for $609,780 on July 1. The company expects to mine are for the next 10 years and anticipates that a total of 88,002 tons will be recovered. During the first year the company extracted 5,382 tons of ore. The depletion expense is Oa. 552,758.00 Ob. 534,064.35 Oc. 597,29726 Od 535,199,20 Previous Next > Saman Sure Test for Grading MacBook Air