Vargas Company purchased a computer for $5,800 on January 1, Year 2016. The computer is estimated to

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Vargas Company purchased a computer for $5,800 on January 1, Year 2016.

The computer is estimated to have a 5-year useful life and a $1,900 salvage value.

What adjusting entry would Vargas record on December 31, Year 1 to recognize expense related to use of the computer?

a. Accumulated depreciation	540
Depreciation expense		540
b. Depreciation expense	540
Computer		540
c. Depreciation expense	680
Accumulated depreciation		680
d. Depreciation expense	540
Accumulated depreciation

Posted Date: Sep 23, 2021 05:27 PM

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Vargas Company purchased a computer for $5,800 on January 1, Year 2016. The computer is estimated to

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d Depreciation expense Dr Accumulated depreciation The adjusting entry that wil... View the full answer

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