If a fixed asset, such as a computer, were purchased on January 1 for $2,118 with an estimated life of 3 years and a salvage or residual value of $196, the journal entry for monthly expense under straight-line depreciation is a. Account Debit Credit Accumulated Depreciation 53.39 Depreciation Expense 53.39 b. Account Debit Credit Depreciation Expense 53.39 Accumulated Depreciation 53.39 c. Account Debit Credit Accumulated Depreciation 640.67 Depreciation Expense 640.67 d. Account Debit Credit Depreciation Expense 640.67 Accumulated Depreciation 640.67