E$9-8($Algo$)$ Computing and Recording Double$-$Declining$-$Balance Depreciation $[$LO $9-3]$

Raine Industries bought a machine at the beginning of the year at a cost of $$21,000.$ The estimated useful life was five years and the residual value was $$2,000.$

Required:

Complete a depreciation schedule for the double$-$declining$-$balance method.

Prepare the journal entry to record Year $2$ depreciation.