If a fixed asset, such as a computer, were purchased on January 1st for $2,154 with an estimated life of 4 years and salvage or residual value of $129, the journal entry for monthly expense under straight-line depreciation is

a.

Depreciation Expense		506.25
Accumulated Depreciation			506.25

b.

Accumulated Depreciation		42.19
Depreciation Expense			42.19

c.

Depreciation Expense		42.19
Accumulated Depreciation			42.19

d.

Accumulated Depreciation		506.25
Depreciation Expense			506.25