Maples Unlimited bought a machine at the beginning of the year at a cost of $38,000. The estimated useful life was five years and the residual value was $4,000. Required: Complete a depreciation schedule for the straight-line method. Prepare the journal entry to record Year 2 depreciation.

Maples Unlimited bought a machine at the beginning of the year at a cost of $38,000. The estimated useful life was five years and the residual value was $4,000. Required: Complete a depreciation schedule for the straight-line method. . 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. Prepare the journal entry to record Year 2 depreciation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the adjusting entry for depreciation expense for Year 2. Note: Enter debits before credits