If a fixed asset, such as a computer, were purchased on January 1st for $1,930.00 with an estimated life of 7 years and a salvage or residual value of $127.00, what is the journal entry for monthly expense under straight-line depreciation? Select the correct answer. $21.46 $21.46 $21.46 Accumulated Depreciation Depreciation Expense Depreciation Expense Accumulated Depreciation Accumulated Depreciation Depreciation Expense Depreciation Expense Accumulated Depreciation $21.46 $257.57 $257.57 $257.57 $257.57