ces Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $22,000. The estimated useful life was five years and the residual value was $2,000. Required: 1. Complete a depreciation schedule for the straight-line method. 2. Prepare the journal entry to record Year 2 depreciation. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete a depreciation schedule for the straight-line method. Year At acquisition 1 2 3 Income Statement Depreciation Expense Cost Balance Sheet Accumulated Depreciation Book Value

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Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $22,000. The estimated useful life was five years and the residual value was $2,000 Required: 1. Complete a depreciation schedule for the straight-line method 2. Prepare the journal entry to record Year 2 depreciation Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete a depreciation schedule for the straight-line method. Income Statement Balance Sheet Year Depreciation Expense Cost Accumulated Depreciation Book Value: At acquisition 1 2 3 Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $22,000. The estimated useful life was five years and the residual value was $2,000 Required: 1. Complete a depreciation schedule for the straight-line method 2. Prepare the journal entry to record Year 2 depreciation Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete a depreciation schedule for the straight-line method. Income Statement Balance Sheet Year Depreciation Expense Cost Accumulated Depreciation Book Value: At acquisition 1 2 3