Required information PA9-1 (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, Buffalo Machinery 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. Cost of the asset $10,900 Installation costs 999 Renovation costs prior to use 1,170 Repairs after production began 890 PA9-1 (Algo) Part 3 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.) > Record the year 2 depreciation expense for Machine A. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general Journal