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If a fixed asset, such as a computer, were purchased on January 1st for $2.012 with an estimated life of 6 years and a
If a fixed asset, such as a computer, were purchased on January 1st for $2.012 with an estimated life of 6 years and a salvage or residual value of $170, the journal entry for monthly expense under straight-line depreciation is Da Accumulated Depreciation 25.58 Depreciation Expense 25.58 Ob. Depreciation Expense 25.58 Accumulated Depreciation 25.58 Oc. Depreciation Expense 307.00 Accumulated Depreciation 307.00 Od. Accumulated Depreciation 307.00 Depreciation Expense 307.00
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