10 points 2. Prepare the journal entry to record depreciation expense at the end of year 1, assuming the following: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Estimates Machine Life eBook Residual Value Depreciation Method Print References ABC 4 years 33,200 hours $1,000 straight-line 2,000 5 years 1,300 Units-of-production Double-declining-balance