At the beginning of the year, Maroon Industries 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. 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 ield.) A Record the year 2 depreciation expense for Machine A. Note: P= journal entry has been entered Required information [The following information applies to the questions displayed below] At the beginning of the year, Maroon Industries 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. 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.). were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Details for Machine A are provided below. 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.)