Yazzie Incorporated bought a machine at the beginning of the year at a cost of $34,000. The estimated useful life was five years and the residual value was $4,000. Required: 1. Complete a depreciation schedule for the straight-line method. 2. Prepare the journal entry to record Year 2 depreciation. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete a depreciation schedule for the straight-line method. Income Statement Year Depreciation Cost Expense At acquisition 1 23 4 Balance Sheet Accumulated Depreciation Book Value. Required" in the first account field.) View transaction list Journal entry worksheet < A Record the adjusting entry for depreciation expense for Year 2. Note: Enter debits before credits.. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal