Requlred Information PA9-1 (Static) Computing Acquisition Cost and Recording Depreciation under Three Alternative Methods [LO 92, LO 93 ] [The following information applies to the questions displayed below.] At the beginning of the year, Grillo Industrles bought three used machines. The machines Immedlately were overhauled, were Installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Details for Machine A are provided below. PA9-1 (Static) Part 7 7. Prepare the journal entry to record year 2 double-decilining balance depreclation expense for Machine C, which has a cost of $25,400, an estimated life of 10 years, and $1,400 residual value. (If no entry is requlred for a transaction/event, select "No Journal Entry Required" In the flrst account fleld.) Journal entry worksheet Record the year 2 depreciation expense for Machine C. Note: Enter debits before credits. Requlred Information PA9-1 (Static) Computing Acquisition Cost and Recording Depreciation under Three Alternative Methods [LO 92, LO 93 ] [The following information applies to the questions displayed below.] At the beginning of the year, Grillo Industrles bought three used machines. The machines Immedlately were overhauled, were Installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Details for Machine A are provided below. PA9-1 (Static) Part 7 7. Prepare the journal entry to record year 2 double-decilining balance depreclation expense for Machine C, which has a cost of $25,400, an estimated life of 10 years, and $1,400 residual value. (If no entry is requlred for a transaction/event, select "No Journal Entry Required" In the flrst account fleld.) Journal entry worksheet Record the year 2 depreciation expense for Machine C. Note: Enter debits before credits