The following information was provided relating to an asset:

• Acquisition date: 1 January 20X1
• Acquisition cost: $76,000
• Residual value: $6,000
• Estimated useful life: 5 years
• Service hours: 35,000
• Productive output in units: 7,000

Actual Data:

	Service Hours	Units Produced
20X1	4,700	400
20X2	6,900	1,100
20X3	7,200	1,600
20X4	7,600	1,800
20X5	8,600	2,100
	35,000	7,000

Prepare the journal entries to record depreciation expense for each year of the assets life, using the double declining balance method.