! 11 Part 5 of 6 3 points 03:32:41 Skipped Required information PB9-1 (Algo) Computing Acquisition Cost and Recording Depreciation under Three Alternative Methods [LO 9-2, LO 9-3] [The following information applies to the questions displayed below.] At the beginning of the year, Goldenrod Corporation bought a shed, a machine, and a trailer. The shed initially cost $20,000 but had to be renovated at a cost of $480. The shed was expected to last 7 years, with a residual value of $1,300. Repairs costing $300 were incurred at the end of the first year of use. The machine cost $11,100, and is estimated to have a total life of 40,000 hours and residual value of $900. The machine was actually used 2,000 hours in year 1 and 4,000 hours in year 2. The trailer cost $11,000 and was expected to last 4 years, with a residual value of $2,000. eBook Print PB9-1 (Algo) Part 5 5. Compute years 1 and 2 double-declining-balance depreciation expense for the trailer. Double-declining-balance Year 1 Year 2