If a fixed asset, such as a computer, were purchased on January 1st for $1,682 with an estimated life of 7 years and a salvage or residual value of $221, the journal entry for monthly expense under straight-line depreciation is ca. Depreciation Expense 208,71 Accumulated Depreciation 208.71 b. Accumulated Depreciation 208.71 Depreciation Expense 208.71 c. Accumulated Depreciation 17.39 Depreciation Expense 17.39 d. Depreciation Expense 17.39 Accumulated Depreciation 17.39