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Figaro Production bought a machine at the beginning of the year at a cost of $19,500. The estimated useful life was five.years and the residual

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Figaro Production bought a machine at the beginning of the year at a cost of $19,500. 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 joumal 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.)

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