Brief Exercise $7-11($Algo$)$ Record depreciation using straight$-$line method $($LO$7-4)$

On January $1,$ Hawaiian Specialty Foods purchased equipment for $$46,000.$ Residual value at the end of an estimated four$-$year service

ife is expected to be $$4,600.$ The machine operated for $3,260$ hours in the first year, and the company expects the machine to

operate for a total of $36,000$ hours.

Record depreciation expense for each of the first two years using the straight$-$line method. $($If no entry is required for a particular

cransaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Answer is complete but not entirely correct.