If a fixed asset, such as a computer, were purchased on January 1st for $2,363.00 with an estimated life of 5 years and a salvage or residual value of $231.00, what is the journal entry for monthly expense under straight-line depreciation? Select the correct answer. O Depreciation Expense $426.40 Accumulated Depreciation $426.40 Depreciation Expense $35.53 Accumulated Depreciation $35.53 Accumulated Depreciation $426.40 Depreciation Expense $426.40 Accumulated Depreciation $35.53 Depreciation Expense $35.53