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Sushi Corporation bought a machine at the beginning of the year at a cost of $20,500. The estimated useful life was five years and the
Sushi Corporation bought a machine at the beginning of the year at a cost of $20,500. 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 journal 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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