A piece of machinery that was purchased on July 1 has an original cost of $10,000. The company takes an annual depreciation of $1,500 a year. a. Find the net book value of the machinery after the first year. $10,000 (original cost) - $1,500 (depreciation) = $8,500 b. Find the net book value of the machinery after the third year. $10,000 (original cost) - $4,500 (accumulated depreciation: $1,500 x 3 years) = $5,500 c. Journalize the depreciation expense for the third year. Depreciation Expense $1,500 Accumulated Depreciation $1,500 d. Show how the machinery will be recorded on the balance sheet at the end of the third year. (I want answer answer b under : (SAME FOR MACHINERY, Accumulated Depreciation AND depreciation expenses) Machinery ------------ I I I ------------ I I I ------------ I I I ----------- I I I ----------- I I I -----------