Solar Innovations Corporation bought a machine at the beginning of the year at a cost...
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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 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. Required 1 Required 2 Complete a depreciation schedule for the double-declining-balance method. (Do not rou final answers to the nearest whole dollars.) Income Statement Balance Sheet Depreciation Expense Cost Accumulated Depreciation Book Value Year At acquisition 1 2 3 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete a depreciation schedule for the double-declining-balance method. (Do not rou final answers to the nearest whole dollars.) Balance Sheet Income Statement Depreciation Expense Cost Accumulated Depreciation Book Value Year At acquisition 1 2 3 4 5 View transaction list Journal entry worksheet
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