Required Information (The following information applies to the questions displayed below] At the beginning of the...

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Required Information (The following information applies to the questions displayed below] At the beginning of the year, Starr Systems bought a shed, a machine, and a traller The shed initially cost $19,800 but had to be renovated at a cost of $440 The shed was expected to last 7 years, with a residual value of $1,200. Repairs costing $260 were incurred at the end of the first year of use. The machine cost $11,000, and is estimated to have a total life of 40,000 hours and residual value of $900. The machine was actually used 2,000 hours in year 1 and 4,000 hours in year 2 The traller cost $10,800 and was expected to last 4 years, with a residual value of $2,000 4. Prepare the journal entry to record year 2 units-of-production depreciation expense for the machine. [Do not round Intermed late calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account fleld.) View transaction list Journal entry worksheet A Record the year 2 depreciation expense for the machine. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal Required Information (The following information applies to the questions displayed below] At the beginning of the year, Starr Systems bought a shed, a machine, and a traller The shed initially cost $19,800 but had to be renovated at a cost of $440 The shed was expected to last 7 years, with a residual value of $1,200. Repairs costing $260 were incurred at the end of the first year of use. The machine cost $11,000, and is estimated to have a total life of 40,000 hours and residual value of $900. The machine was actually used 2,000 hours in year 1 and 4,000 hours in year 2 The traller cost $10,800 and was expected to last 4 years, with a residual value of $2,000 4. Prepare the journal entry to record year 2 units-of-production depreciation expense for the machine. [Do not round Intermed late calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account fleld.) View transaction list Journal entry worksheet A Record the year 2 depreciation expense for the machine. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal