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Yazzie Incorporated bought a machine at the beginning of the year at a cost of $26,000. The estimated useful life was five years and the

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Yazzie Incorporated bought a machine at the beginning of the year at a cost of $26,000. The estimated useful life was five years and the residual value was $2,000. Assume the estimated productive life of the machine is 12,000 units. Expected annual production was year 1,2,400 units; year 2,3,400 units; year 3, 2,400 units; year 4,2,400 units; and year 5,1,400 units. Required: 1. Complete a depreciation schedule for the units-of-production 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 units-of-production method. (Do not round intermediate calculations. Round final. answers to the nearest whole dollars.)

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