Question Content Area If a fixed asset, such as a computer, were purchased on January 1 for $1,808 with an estimated life of 4 years and a salvage or residual value of $129, the journal entry for monthly expense under straight line depreciation is a Account Debit Credit Depreciation Expense 419 75 Accumulated Depreciation 419 75 b Account Debit Credit Accumulated Depreciation 419 75 Depreciation Expense 419 75 c Account Debit Credit Depreciation Expense 34 98 Accumulated Depreciation 34 98 d Account Debit Credit Accumulated Depreciation 34 98 Depreciation Expense 34 98

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Question: Question Content Area If a fixed asset, such as a computer, were purchased on January 1 for $1,808 with an estimated life of 4 years

Question Content Area

If a fixed asset, such as a computer, were purchased on January 1 for $1,808 with an estimated life of 4 years and a salvage or residual value of $129, the journal entry for monthly expense under straight-line depreciation is

Account	Debit	Credit
Depreciation Expense	419.75
Accumulated Depreciation		419.75

Account	Debit	Credit
Accumulated Depreciation	419.75
Depreciation Expense		419.75

Account	Debit	Credit
Depreciation Expense	34.98
Accumulated Depreciation		34.98

Account	Debit	Credit
Accumulated Depreciation	34.98
Depreciation Expense		34.98

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