(Solved): At the beginning of the year, Daffodil Company bought three used machines. The machines Immediatel ...

At the beginning of the year, Daffodil Company bought three used machines. The machines Immediately were overhauled, were Installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Detalls for Machine A are provided below. Cost of the asset $10,300 Installation costs 930 Renovation costs prior to use Repairs after production began 990 770 PA9-1 (Algo) Part 3 3. Prepare the journal entry to record year 2 straight-line depreciation expense for Machine A, assuming an estimated life of 4 years and $1,000 residual value. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet < ? > Record the year 2 depreciation expense for Machine A. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 2.560 Depreciation Expense Accumulated Depreciation, Machine A 2.560 Record entry Clear entry View general journal