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Khan Manufacturing bought a machine at the beginning of the year at a cost of $36,000. The estimated useful life was five years and the residual value was $3,500. 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. Complete a depreciation schedule for the straight-line method. repare the journal entry to record Year 2 depreciation. (If no entry is required for a transaction/event, select "No Journal Entry lequired" in the first account field.) Journal entry worksheet Record the adjusting entry for depreciation expense for Year 2. Note: Enter debits before credits