On January 1 . Hawallan Specialty Foods purchased equipment for $45,000 Resdual value at the end of an estimated fout-yeat service life is expected to be $3,000. The company expects the machine to operate for a total of 35,000 hours The machine operated for 3,250 hoursin the first year and 3,550 hours in the second year. Record depreciation expense for the first two years using the activity-bosed method (If no entry is required for a particular