On January $1,$ Hawalian Specialty Foods purchased equipment for $$48,000.$ Residual value at the end of an estimated four$-$year service life is expected to be $$3,540.$ The machine operated for $3,300$ hours in the first year, and the company expects the machine to operate for a total of $38,000$ 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 Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$1$

$2$

Record the depreciation expense for the first year using the straight$-$line method.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Doblt,Credit$],[$Yoar $1,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$