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If a fixed asset, such as a computer, were purchased on January 1st for $2,016.00 with an estimated life of 3 years and a salvage
If a fixed asset, such as a computer, were purchased on January 1st for $2,016.00 with an estimated life of 3 years and a salvage or residual value of $173.00, what is the journal entry for monthly expense under straight-line depreciation? Select the correct answer. Depreciation Expense $51.19 Accumulated Depreciation 551.19 Accumulated Depreciation $61433 Depreciation Expense 561433 Accumulated Depreciation $51.19 Depreciation Expense $51.19 Depreciation Expense 5614.33 Accumulated Depreciation 5614.33
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