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If a fixed asset, such as a computer, were purchased on January 1st for $2,013 with an estimated life of 4 years and a salvage
If a fixed asset, such as a computer, were purchased on January 1st for $2,013 with an estimated life of 4 years and a salvage or residual value of $106, the journal entry for monthly expense under straight-line depreciation is a. Accumulated Depreciation 476.75 Depreciation Expense 476.75 b. Accumulated Depreciation 39.73 Depreciation Expense 39.73 c. Depreciation Expense 476.75 Accumulated Depreciation 476.75 d. Depreciation Expense 39.73 Accumulated Depreciation 39.73
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