Question: E9-8 (Algo) Computing and Recording Double-Declining-Balance Depreciation [LO 9-3] Yazzie Incorporated bought a machine at the beginning of the year at a cost of $20

E9-8 (Algo) Computing and Recording Double-Declining-Balance Depreciation [LO 9-3] Yazzie Incorporated

bought a machine at the beginning of the year at a cost

E9-8 (Algo) Computing and Recording Double-Declining-Balance Depreciation [LO 9-3] Yazzie Incorporated bought a machine at the beginning of the year at a cost of $20 , 000 . The estimated useful life was five years and the residual value was $2 , 000 . Required: 1. Complete a depreciation schedule for the double-declining-balance 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 double-declining-balance method. (Do not round intermediate calculations. Round final answers to the nearest whole dollars.)

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