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On July 1, 2024. Action Printers purchased a printer for $67,000. It expects the printer to last for four years and have a residual value

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On July 1, 2024. Action Printers purchased a printer for $67,000. It expects the printer to last for four years and have a residual value of $9,000. What is the journal entry to record the depreciation expense for the year ending December 31, 2024 using the straight-line method? 7,250 7,250 16,750 16,750 O A. Depreciation Expense-Equipment Accumulated Depreciation-Equipment OB. Depreciation Expense-Equipment Accumulated Depreciation Equipment O c. Depreciation Expense-Equipment Accumulated Depreciation Equipment D. Depreciation Expense-Equipment Accumulated Depreciation Equipment 14,500 14,500 33,500 33,500 Brandy Enterprises discarded a computer that was fully depreciated and had no residual value. As a result of this transaction, Brandy will O A. zero out the Computer and Accumulated Depreciation - Computer accounts. O B. debit the Accumulated Depreciation - Computer account, debit Loss on Disposal of Computer account, and credit the Computer account. OC. report a loss equal to the historical cost of the computer. O D. debit the Computer account and credit the Accumulated Depreciation - Computer account. On June 30, 2024, Clooney Printers purchased a printer for $53,000. It expects the printer to last for four years and have a residual value of $11,000. Compute the depreciation expense on the printer for the year ended December 31, 2024, using the straight-line method. O A. $5,250 OB. $13,250 OC. $6,125 OD. $10,500

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