If a fixed asset, such as a computer, were purchased on January 1 for $2,039 with an estimated life of 7 years and a salvage or residual value of $176, the journal entry for monthly expense under straight-line depreciation is Oa. Depreciation Expense Accumulated Depreciation Ob. Accumulated Depreciation Depreciation Expense Oc. Depreciation Expense Accumulated Depreciation Od. Accumulated Depreciation Depreciation Expense 22.18 22.18 266.14 266.14 266.14 266.14 22.18 22.18