If a fixed asset, such as a computer, were purchased on January 1st for $2,325.00 with an estimated life of 4 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. Accumulated Depreciation Depreciation Expense $523.50 $523.50 Accumulated Depreciation $523.50 Depreciation Expense $523.50 Depreciation Expense $43.63 Accumulated Depreciation $43.63 Accumulated Depreciation $43.63 Depreciation Expense $43.63