If a fixed asset, such as a computer, were purchased on January 1st for $2,410.00 with an estimated life of 3 years and a salvage or residual value of $242.00, what is the journal entry for monthly expense under straight-line depreciation? Select the correct answer Depreciation Expense Accumulated Depreciation Depreciation Expense Accumulated Depreciation $722.67 $722.67 Accumulated Depreciation Depreciation Expense Accumulated Depreciation Depreciation Expense $722.67 $722.67 $60.22 $60.22 $60.22 $60.22