Try another version of this question On August 1, Plattsburgh Warehouse paid cash of $15,840 for computers that are expected to remain useful for four years. At the end of 4 years, the value of the computers is expected to be zero. A. Calculate the amount of depreciation for the month of August using the straight-line depreciation method. Yearly Depreciation = (Cost - Residual Value)/(Time) Yearly Depreciation = / = per year One-Months Depreciation = (Yearly Depreciation)/(12) One-Months Depreciation = /12 = per month. B. Record the adjusting entry for depreciation on August 31. C. Post the purchase of August 1 and the depreciation on August 1 to T accounts for the following accounts: Computer Equipment, Accumulated Depreciation—Computer Equipment, and Depreciation Expense—Computer Equipment. Show their balances at August 31. D. What is the computer equipment’s book value on August 31? Cost LESS Accumulated Depreciation - = Date Description Debit Credit August 31 August 31 Debit Credit Double line Double line Debit Credit Double line Double line Debit Credit Double line Double line Date Description Debit Credit August 31 Depreciation Expense--Computer Equipment 330 August 31 Accumulated Depreciation--Computer Equipment 330 Debit Credit 15,840 Double line15,840 Double line Debit Credit 330 Double line Double line330 Debit Credit 330 Double line330 Double line