Question 5 1 pts Connecticut Company purchased a machine for $240,000 in cash on August 1, 20X1. The machine has an estimated useful life of 11 years and an estimated salvage value of$23,000. Connecticut Company uses the straight-line method for computing depreciation expense. Which ONE of the following is included in the journal entry necessary to record depreciation expense on the machine for the year 20X2? ACREDIT to Accumulated Depreciation for $19.727 A CREDIT to Accumulated Depreciation for $12,227 A CREDIT to Accumulated Depreciation for $27.227 ACREDIT to Accumulated Depreciation for $39.455 A CREDIT to Accumulated Depreciation for $31,227