Turquoise Associates 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:

Complete a depreciation schedule for the double$-$declining$-$balance method.

Prepare the journal entry to record Year $2$ depreciation.

Complete this question by entering your answers in the tabs below.

Required $1$

Complete a depreciation schedule for the double$-$declining$-$balance method. $($Do not round intermediate calculations. Round final answers to the nearest whole dollars.$)$

$\backslash$table$[[$Year$,\backslash$table$[[$Income$],[$Statement$]],,$Balance Sheet$],[\backslash$table$[[$Depreciation$],[$Expense$]],$Cost,$\backslash$table$[[$Accumulated$],[$Depreciation$]],$Book Value,$],[$At acquisition,,,,,$],[1,,,,,],[2,,,,,],[3,,,,,],[4,,,,,],[5,,,,,]]$