If a fixed asset, such as a computer, were purchased on January 1st for $2,473.00 with an estimated life of 4 years and a salvage or residual value of $199.00, what is the journal entry for monthly expense under straight-line depreciation? Select the correct answer. $47.38 $47.38 $568.50 $568.50 Depreciation Expense Accumulated Depreciation Accumulated Depreciation Depreciation Expense Accumulated Depreciation Depreciation Expense Depreciation Expense Accumulated Depreciation $47.38 $47.38 $568.50 $568.50