Khan Manufacturing bought a machine at the beginning of the year at a cost of $28,000. The estimated useful life was five years and the residual value was $2,000. Assume the estimated productive life of the machine is 13,000 units. Expected annual production was year 1, 2,600 units; year 2, 3,600 units; year 3, 2,600 units; year 4, 2,600 units; and year 5, 1,600 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.

• Required 1
• Required 2

Complete a depreciation schedule for the units-of-production method. (Do not round intermediate calculations. Round final answers to the nearest whole dollars.)

Year	Income Statement	Balance Sheet
	Depreciation Expense	Cost	Accumulated Depreciation	Book Value
At acquisition
1
2
3
4
5