computing aquisition cost and recording depreciation under three alternative methods

At the beginning of the year, Buffalo Machinery bought three used machines. The machines immediately were overhaufed were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Details for Machine A are provided below. 3. Prepare the journal entry to record year 2 straight-ine depreciation expense for Machine A, assuming an estimated life of 4 years and $1,000 residual value. (If no entry is required for a transoction/event, select "No Journol Entry Required" in the first occount field.) Journal entry worksheet Record the year 2 depreciation expense for Machine A. Notei Enter debits before credits