Required information The following information applies to the questions displayed below] At the beginning of the year, Gnilo industries 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. 5. Prepare the journal entry to record year 2 units-of-production depreciation expense for Machine 8 , assuming a capitalized cost of $42,000, an estimated life of 30,000 hours, $4,500 residual value, and actual year 2 use of 8,000 hours. (Do not round intermediote calculotions. If no entry is required for a tronsoction/event, select "No Journal Entry Required" in the first occount field.) Journal entry worksheet Required information [The following information applies to the questions displayed below] At the beginning of the year, Grilo Industries 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 Compute years 1 and 2 double-declining-balance depreciation expense for Machine C. Which has a cost of $25,400, an estimated of 10 years, and $1,400 residual value