The following information was provided relating to an asset: - Acquisition date: 3 January 200 - Acquisition cost: $398,000 - Residual value: $28,000 - Estimated useful life: 4 years - Service hours: 200,000 - Productive output in units: 100,000 Actual Data: Prepare the journal entries to record depreciation expense for each year of the asset's life, using the straightline method of depreciation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)