4. On January 1, 2015, Evers Company purchase use in its production process. Is Company purchased the following two machines for Machine The cash price of this machine was $48,000. Related expendit A: included: sales tax $1,700, shipping costs $150, insurance dur 580, Installation and testing costs $70, and $100 of oil and lubricants to wpping costs $150, insurance during shipping used with the machinery during its first year of operations. Evers estimates that the useful life of the machine is 5 years with a $5,000 salvage value remaining at the end of that time period. Assume that the straight-line method of depreciation is used. Machine The recorded cost of this machine was $180.000. Evers estimates that the B: useful life of the machine is 4 vears with a $10,000 salvage value remaining at the end of that time period. Instructions (a) Prepare the following for Machine A. 1. The journal entry to record its purchase on January 1, 2015 2. The journal entry to record annual depreciation at December 31, 2015. (b) Calculate the amount of depreciation expense that Evers should record for Machine B each year of its useful life under the following assumptions. 1. Evers uses the straight-line method of depreciation. 2. Evers uses the declining-balance method. The rate used is twice the straight- line rate. 3. Evers uses the units-of-activity method and estimates that the useful life of the machine is 125,000 units. Actual usage is as follows: 2015, 45,000 units 2016, 35,000 units; 2017, 25,000 units; 2018, 20,000 units. (e) Which method used to calculate depreciation on Machine B reports the highest amount of depreciation expense in year 1 (2015)? The highest amount in year 4 (2018)? The highest total amount over the 4-year period