On January 1. Hawaan Specialty Foods purchased equipment for $38,000. Residual value at the end of an estimated four-year service life is expected to be $4,400. The machine operated for 3,180 hours in the first year, and the company expects the machine to operate for a total of 28,000 hours. Record depreciation expense for each of the first two years using the straight-line method. (If no entry is required for a particular transaction/event, select "No Joumal Entry Required" In the first account field.) Journal entry worksheet Record the depreciation expense for the second year using the straight-line method. Natie I Fitier debies belore ciedth