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@ ezto.mheducation.com Question 18 - Chapter 9 Qui... Chapter 9 Quiz @ Saved Help SaveExit Submit =? 18 Required information Part 6 of 6 [The following information applies to the questions displayed below.] az At the beginning of the year, Periwinkle Manufacturing bought a shed, a machine, and a trailer. The shed initially cost $19,700 but had to be renovated at a cost of $420. The shed was expected to last 7 years, with a residual value of $1,150. Repairs costing $240 were incurred at the end of the first year of use. The machine cost $10,950, and is estimated to have a total life of 40,000 hours and residual value of $900. The machine al was actually used 2,000 hours in year 1 and 4,000 hours in year 2. The trailer cost $10,700 and was expected to last 4 years, with a residual value of $2,000. 6. Prepare the journal entry to record year 2 double-declining balance depreciation expense for the trailer. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the year 2 depreciation expense for the trailer. Note: Enter debits before credits. cH a