Required information [The following information applies to the questions displayed below.) At the beginning of the year, Kurtz Affiliates 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 Installation costs Renovation costs prior to use Repairs after production began $10,500 950 1,050 810 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.) View transaction list View journal entry worksheet No Transaction General Journal A 1 Depreciation Expense Accumulated Depreciation, Machine A Debit Credit 4,304 4,304 4. Compute year 2 units-of-production depreciation expense for Machine B, assuming a capitalized cost of $48,300, 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.) Year 2 units-of-production depreciation expense