mULTIPLE CHOICE

If a fixed asset, such as a computer, were purchased on January 1st for $1,910 with an estimated life of 4 years and a salvage or residual value of $207, the journal entry for monthly expense under straight-line depreciation is Oa. Depreciation Expense 425.75 Accumulated Depreciation 425.75 Ob. Accumulated Depreciation 35.48 Depreciation Expense 35.48 Oc. Accumulated Depreciation 425.75 Depreciation Expense 425.75 d. Depreciation Expense 35.48 35.48 Accumulated Depreciation