37. Acquiring a machine.
    1. Geiger, a publicly-traded company, acquired a machine from Counter. Geiger gave Counter 10,000 shares of Geigers $1 par value common stock in exchange for the machine. At the time of the aquisition, Geigers stock had a market value of $25 per share. At the time of the acquisition, several appraisers valued the machine at $253,000. Prepare the entry Geiger should make to record its acquisition of the machine.
    2. Tide, a non-publicly-traded company, acquired a machine from Roll. Tide gave Roll 10,000 shares of Tides $1 par value common stock in exchange for the machine. At the time of the aquisition, Tides stock had a market value of $25 per share. At the time of the acquisition, several appraisers valued the machine at $253,000. Prepare the entry Tide should make to record its acquisition of the machine.

37. Leia Company purchased a machine for $10,000,000 on January 1, 2018. Leia estimates the machine will have a five-year useful life, salvage value of $96,000, production capability of 800,000 units of a product called Hoosier, and 10,000 working hours. During 2018, Leia used the machine for 3,400 hours and the machine produced 275,000 units. Compute Leias depreciation for 2018 assuming she uses the following depreciation methods:
    1. Straight-line
    2. Units-of-production
    3. Working hours
    4. Sum-of-the-years digits
    5. Double-declining balance

38. Evan Company purchased a machine for $500,000 on August 1, 2017. Evan estimates the machine will have a ten-year useful life and a salvage value of $50,000. Evan calculates depreciation for a year to the nearest full month. Compute Evans depreciation for 2019 assuming he uses the following depreciation methods:

1. Sum-of-the-years digits
2. Double-declining balance