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91 Book E9-8 (Static) Computing and Recording Double-Declining-Balance Depreciation (LO 9-3) Solar Innovations Corporation bought a machine at the beginning of the year at
91 Book E9-8 (Static) Computing and Recording Double-Declining-Balance Depreciation (LO 9-3) Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $22,000. 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. Complete this question by entering your answers in the tabs below. Required 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 Depreciation Cost Accumulated Depreciation Book Value Acquation 2 3 4 S Required t Required 2>
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