Vargas Company Purchased a Computer for $3,000 on January 1,Year

Vargas Company purchased a computer for $3,000 on January 1,Year 1.The computer is estimated to have a 5-year useful life and a $500 salvage value.What adjusting entry would Vargas record on December 31,Year 1 to recognize expense related to use of the computer?

A) $$\begin{array} { | l | r | r | } \hline \text { Depreciation Experse } & 600 & \\\hline \text { Accurmlated Depreciation } & & 600 \\\hline\end{array}$$
B) $$\begin{array} { | l | r | r | } \hline \text { Depreciation Experse } & 500 & \\\hline \text { Cormputer } & & 500 \\\hline\end{array}$$
C) $$\begin{array} { | l | r | r | } \hline \text { Depreciation Experse } & 500 & \\\hline \text { Accurmlated Depreciation } & & 500 \\\hline\end{array}$$
D) $$\begin{array} { | l | r | r | } \hline \text { Accurmulated Depreciation } & 500 & \\\hline \text { Depreciation Experse } & & 500 \\\hline\end{array}$$