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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

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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. Answer is not complete. 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.) Complete a depreciation schedule for the double-declining-balance method. (Do not round intermediate calculation 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 Journa Entry Required" in the first account fleld.)

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