16. 17. If a fixed asset, such as a computer, were purchased on January 1 for $1,720 with an estimated life of 7 years and a salvage or residual value of $177, the journal entry for monthly expense under straight-line depreciation is 18. a. Depreciation Expense Accumulated Depreciation 220.43 220.43 19. Ob. Accumulated Depreciation Depreciation Expense 220.43 220.43 20. 21. Oc. Depreciation Expense Accumulated Depreciation Od. Accumulated Depreciation Depreciation Expense 18.37 18.37 18.37 18.37 22. 23.