E9-8 (Algo) Computing and Recording Double-Declining-Balance Depreciation [LO 9-3] Yazzie Incorporated bought a machine at the beginning of the year at a cost of $20,000. 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 1 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 Year Depreciation Accumulated Cost Expense Book Value Depreciation At acquisition $ 20,000 1 $ 8,000 $ 20,000 $ 8,000 $ 12,000 2 $ 4,800 $ 20,000 $ 12,800 $ 7,200 3 $ 2,880 $ 20,000 $ 15,680 $ 4,320 4 $ 1,728 $ 20,000 $ 17,408 $ 2,592 5 $ 1,037 $ 20,000 $ 18,445 $ 1,555