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If a fixed asset, such as a computer, were purchased on January 1 for $1,542 with an estimated life of 3 vears and a salvage

If a fixed asset, such as a computer, were purchased on January 1 for $1,542 with an estimated life of 3 vears and a salvage or residual value of $114, the journal entry for monthily expense under straight-line depreciation is

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