On January 1, Year 1, Framer vs. Framer, Inc., purchased a $600,000 machine with an estimated useful life of 10 years or 500,000 frames and a $100,000 salvage value. The machine actually produced 150,000 frames in Year 1 and 120,000 frames in Year 2. Record the depreciation adjusting entry for Year 2 using the activity method: Account Title Depreciation expense Accumulated depreciation Debit Credit