If a fixed asset, such as a computer, were purchased on January $1$ for $$2,362$ with an estimated life of $4$ years and a salvage or residual value of $$135,$ the journal entry for monthly expense under straight$-$line depreciation is

a$.$

Depreciation Expense $46\mathrm{.}40$

Accumulated Depreciation $46\mathrm{.}40$

b$.$

Accumulated Depreciation $556\mathrm{.}75$

Depreciation Expense $556\mathrm{.}75$

c$.$

Accumulated Depreciation $46\mathrm{.}40$

Depreciation Expense $46\mathrm{.}40$

d$.$

Depreciation Expense $556\mathrm{.}75$

Accumulated Depreciation $556\mathrm{.}75$

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