0.5 4 points Skipped Turquoise Associates bought a machine at the beginning of the year at a cost of $20,500. The estimated useful life was five years and the residual value was $2,000. Required: 1. Complete a depreciation schedule for the double-declining-balance method. 2. Prepare the journal entry to record Year 2 depreciation. eBook Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete a depreciation schedule for the double-declining-balance method. (Do not round intermediate calculations, Round final answers to the nearest whole dollars.) Income Statement Balance Sheet Year Depreciation Expense Cost Accumulated Depreciation Book Value At acquisition 1 2 3 4 5 4 Required 1 Required 2 5 oints Prepare the journal entry to record Year 2 depreciation. (If no entry is required for a transaction/event, select "No Journal B Required" in the first account field.) Skipped View transaction list Journal entry worksheet eBook < A Print Record the adjusting entry for depreciation expense for Year 2. References Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Mc Record entry Clear entry View general journal Prev 4 of 17 Next >