E9-8 (Algo) Computing and Recording Double-Declining-Balance Depreciation [LO 9-3] Maples Unlimited bought a machine at the beginning of the year at a cost of $18,000. 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.

Complete this question by entering your answers in the tabs below. Complete a depreciation schedule for the double-declining-balance method. (Do not round intermediate calculations. Round final answers to the nearest whole dollars.)