Vargas Company purchased a computer for $6,000 on January 1, Year 1. The computer is estimated to have a 8-year useful life and a $2,000 salvage value. What adjusting entry would Vargas record on December 31, Year 1 to recognize expense related to use of the computer? Multiple Choice 500 Depreciation expenne Accumulated depreciation 500 750 Depreciation expense Accumulated depreciation 750 500 Depreciation expense Computer 500 500 Accumulated depreciation Depreciation expense 500