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E9-7 (Algo) Computing and Recording Units-of-Production Depreciation [LO 9-3] Khan Manufacturing bought a machine at the beginning of the year at a cost of $36,000.

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E9-7 (Algo) Computing and Recording Units-of-Production Depreciation [LO 9-3] Khan Manufacturing bought a machine at the beginning of the year at a cost of $36,000. The estimated useful life was five years and the residual value was $2,000. Assume the estimated productlve life of the machine is 17,000 units. Expected annual production was year 1,3,400 units; year 2, 4,400 units; year 3, 3,400 units; year 4,3,400 units; and year 5,2,400 units, Required: 1. Complete a depreciation schedule for the units-of-production method. 2. Prepare the journal entry to record Year 2 depreciation. Complete this question by entering your answers in the tabs below. Complete a depreciation schedule for the units-of-production method. (Do not round intermediate calculations. Round final answers to the nearest whole dollars.) Prepare the journal entry to record Year 2 depreciation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the adjusting entry for depreciation expense for Year 2. Note: Enter debits before credits

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