At the beginning of the year, Buffalo Machinery 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. Details for Machine A are provided below.

Cost of the asset $$9,300$

Installation costs $830$

Renovation costs prior to use $690$

Repairs after production began $570$

PA$9-1($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.$)$

Record the year $2$ depreciation expense for Machine A$.$