Required information [The following information applies to the questions displayed below) At the beginning of the year, Almond Factory 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. Detalls for Machine A are provided below. Cost of the asset Installation costs Renovation costs prior to use Repairs after production began $10,400 940 1.020 790 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.) A Record the year 2 depreciation expense for Machine A. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal