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Vargas Company purchased a computer for $4,400 on January 1 Year 1 The computer is...

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Accounting

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Vargas Company purchased a computer for $4,400 on January 1 Year 1 The computer is estimated to have a 5 year useful life and a $1200 savage value. What adjusting entry would Vargas record on December 31 Year 1 to recognize expense related to use of the computer? 29 cle Choke 4 points 8 00:31 640 Accumulated Depreciation Depreciation Expense 640 660 Depreciation Expense Accumulated Depreciation 640 880 Depreciation Expense Accumulated Depreciation 880 640 Depreciation Expense Computer 640

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