CP$9-1$ At the beginning of the year, Young Company bought machinery, shelving, and a forklift.

The machinery initially cost $$25,600$ but h$$d ta 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$ mo each year.

The shelving cost $$9,300$ and was expected to last five years, with a residual value of $$600.$

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

Required:

Compute the amount to be capitalized for the machinery.

Compute year $2$ units$-$of$-$production depreciation expense for the machinery.

Give the joumal entry to record year $2$ depreciation expense for the machinery.