Yazzie Incorporated bought a machine at the beginning of the year at a cost of $42,000. The estimated useful life was five years and the residual value was $5,000. 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 Balance Shoot Year Depreciation: Expense Cost Accumulated Depreciation Book Value At acquisition 2 3