Question: Vargas Company purchased a computer for $ 4 , 0 0 0 on January 1 , Year 1 . The computer is estimated to have

Vargas Company purchased a computer for $4,000 on January 1, Year 1. The computer is estimated to have a 4-year useful life and a $1,000 salvage value. What adjusting entry would Vargas record on December 31, Year 1 to recognize expense related to use of the computer?
Group of answer choices
Account TitleDebitCreditDepreciation Expense1,000Accumulated Depreciation1,000
Account TitleDebitCreditDepreciation Expense750Accumulated Depreciation750
Account TitleDebitCreditDepreciation Expense750Computer750
Account TitleDebitCreditAccumulated Depreciation750Depreciation Expense750

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