12#/question/4 on of Sou... Rio Hondo College Click to login to Ca... Google Question 5 of 5 -12 View Policies Current Attempt in Progress On January 1, 2020, Windsor Company purchased the following two machines for use in its production process Machine A Machine B The cash price of this machine was $43.500 Related expenditures included sales tax $1.550 shipping costs $150 insurance during shipping $50, instalation and testing costs $100 and $200 of oil and lubricants to be used with the machinery during its first year of operations Windsor estimates that the useful life of the machine 5 years with a $5,250 salvage value remaining at the end of that time period. Assume that the straight-line method of depreciation is used The recorded cost of this machine was $180.000 Wodor estimates that the useful he of the machine is 4 years with a $10,000 salvage value remaining at the endt that time period Prepare the following for Machine A Mound answers to 0 decimal places, ea 2.125. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) 1 The journal entry to record its purchase on January 1, 2020 2 The journal entry to record annual depreciation at December 31, 2020 No Account Titles and Explanation L eTextbook and Media List of Accounts Debit Credit Calcutate the amount of depreciation expense that Windsor should record for Machine Beach year of its useful unde the futwing assumptions (Round depreciation o per unit the 2 decimal place ea 12.25 Round final answers to decimal places 2.125J Windsor uses the straight-line method of ration 12 Windsor uses the seclining tatance method. The rate used is twice the straight rate 00 Windruses the units of activity method and estimates that the useful the of the machine is 100,000 units Actu flows 2020 43,000 units; 202130,000 units 2022. 17.000 un 2023 12,000 u Straight- ling Depreciation Expense 2020 202 2002 2033 Scribbr-Citation