• If a fixed asset, such as a computer, were purchased on January 1 for 3,750 with an estimated useful life of 3 years and a salvage or residual value of $150, the journal entry for monthly expense under straight line depreciation is
• A.Depreciation Expense 100 Accumulated Depreciation 100
• B.Depreciation Expense 1200 Accumulated Depreciation 1200
• C.Accumulated Depreciation 1200 Depreciation Expense 1200
• D.Accumulated Depreciation 100 Depreciation Expense 100