$(2)$

Required information

$[$The following information applies to the questions displayed below.$]$

At the beginning of the year, Young Company bought machinery, shelving, and a forklift. The machinery initially cost $$25,600$ but had to be overhauled $($at a cost of $$1,200)$ before it could be installed $($at a cost of $$600)$ and finally put into use. The machinery's total life was estimated as $40,000$ hours, with an estimated residual value of $$1,000.$ The machinery was actually used $5,000$ hours in year $1$ and $7,000$ hours in year $2.$ Repair costs were $$350$ in each year.

The shelving cost $$9,300$ and was expected to last $5$ years, with a residual value of $$600.$ The forklift cost $$10,800$ and was expected to last six years, with a residual value of $$2,000.$

$3.$ Prepare the journal entry to record year $2$ depreciation expense for the machinery. $($Do not round intermediate calculations. If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

A

Record the year $2$ depreciation expense for the machinery.

Note: Enter debits before credits.

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