E9-6 (Algo) Computing and Recording Straight-Line Depreciation [LO 9-3] Turquoise Associates bought a machine at the beginning of the year at a cost of $25,000. The estimated useful life was five years and the residual value was $3,000. Required: 1. Complete a depreciation schedule for the straight-line method. 2. Prepare the journal entry to record Year 2 depreciation. Complete this question by entering your answers in the tabs below. Complete a depreciation schedule for the straight-line method. Journal entry worksheet Record the adjusting entry for depreciation expense for Year 2. Note: Enter debits before credits