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If a fixed asset, such as a computer, were purchased on January 1 for $3,750 with an estimated life of three years and a salvage or residual value of $150, the journal entry for monthly expense under straight-line depreciation is a. Depreciation Expense 100\quad 100100
\quad Accumulated Depreciation 100\quad 100100
b. Depreciation Expense 1,200\quad 1,2001,200
\quad Accumulated Depreciation 1,200\quad 1,2001,200
c. Accumulated Depreciation 1,200\quad 1,2001,200
\quad Depreciation Expense 1,200\quad 1,2001,200
d. Accumulated Depreciation 100
\quad Depreciation Expense \quad\quad 100
On May 11, 2024