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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

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. 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 Expense Cost Accumulated Depreciation Book Value At acquisition 1 2 3 4 5 Journal entry worksheet < A Record the adjusting entry for depreciation expense for Year 2. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal >

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