, Detroit Gold Exchange paid cash of e require irement 1. n by selectin reciation. En Requirements 1. Calculate the amount of depreciation for the month of May using the straight-line depreciation method. 2. Record the adjusting entry for depreciation on May 31 3. Post the purchase of May 1 and the depreciation on May 31 to T-accounts for the following accounts: Computer Equipment, Accumulated Depreciation-Computer Equipment, and Depreciation Expense-Computer Equipment. Show their balances at May 31. 4. What is the computer equipment's book value at May 31? - X breviation used, A epreciation Print Done