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Turquoise Associates bought a machine at the beginning of the year at a cost of...

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Accounting

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Turquoise Associates bought a machine at the beginning of the year at a cost of $41,000. The estimated useful life was five years and the residual value was $2,000. Assume the estimated productive life of the machine is 19,500 units. Expected annual production was year 1, 3,900 units: year 2,4,900 units: year 3, 3,900 units; year 4.3,900 units; and year 5, 2,900 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. Required 1 Required 2 Complete a depreciation schedule for the units of production method. (Do not round intermediate calculations. Round inal answers to the nearest whole dollars.)

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