If a fixed asset, such as a computer, were purchased on January 1 for $2,220 with an estimated life of 5 years and a salvage or residual value of $194, the journal entry for monthly expense under straight-line depreciation IS 405.20 405.20 33.77 Oa. Accumulated Depreciation Depreciation Expense Ob. Accumulated Depreciation Depreciation Expense Oc. Depreciation Expense Accumulated Depreciation 33.77 405.20 405.20 33.77 Od. Depreciation Expense Accumulated Depreciation 33.77