Turquoise Associates bought a machine at the beginning of the year at a cost of $25,000. The estimated useful life was five years and the residual value was $2,000. Assume the estimated productive life of the machine is 11,500 units. Expected annual production was year 1, 2,300 units; year 2, 3,300 units; year 3, 2,300 units; year 4, 2,300 units; and year 5, 1,300 units.

Required:

Complete a depreciation schedule for the units-of-production method.

Prepare the journal entry to record Year 2 depreciation.