Required information

PA$9-1($Algo$)$ Computing Acquisition Cost and Recording Depreciation under Three Alternative Methods

$[$LO $9-2,$ LO $9-3]$

$[$The following information applies to the questions displayed below.$]$

At the beginning of the year, Shamrock Unlimited bought three used machines. The machines immediately

were overhauled, were installed, and started operating. Because the machines were different, each was

recorded separately in the accounts. Details for Machine A are provided below.

PA$9-1($Algo$)$ Part $3$

Prepare the journal entry to record year $2$ straight$-$line depreciation expense for Machine A$,$ assuming an estimated

life of $4$ years and $$1,000$ residual value. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry

Required" in the first account field.$)$

Journal entry worksheet

A

Record the year $2$ depreciation expense for Machine A$.$

Note: Enter debits before credits.

Meta. Compute year $2$ units$-$of$-$production depreciation expense for Machine B$,$ assuming a capitalized cost of $$50,400,$ an estimated life of $30,000$ hours, $$4,500$ residual value, and actual year $2$ use of $8,000$ hours. $($Do not round intermediate calculations.$)$

What is the year $2$ units$-$of$-$production depreciation expense?