If a fixed asset, such as a computer, were purchased on January 1 for $1,897 with an estimated life of 7 years and a salvage or residual value of $182, the journal entry for monthly expense under straight-line depreciation is

a.

Accumulated Depreciation	245.00
Depreciation Expense		245.00

b.

Depreciation Expense	245.00
Accumulated Depreciation		245.00

c.

Depreciation Expense	20.42
Accumulated Depreciation		20.42

d.

Accumulated Depreciation	20.42
Depreciation Expense		20.42