calculate the amount of depreciation expense that Marigold should record for Machine B each year of its useful life under the following assumptions.

Problem 9-3A (Part Level Submission) On January 1, 2019, Marigold company purchased the following two machines for use in its production process. Machine A: The cash price of this machine was $41,000. Related expenditures included: sales tax $1,650, shipping costs $200, insurance during shipping $50, installation and testing costs $90, and $200 of oil and lubricants to be used with the machinery during its first year of operations. Marigold estimates that the useful life of the machine is 5 years with a $4,400 salvage value remaining at the end of that time period. Assume that the straight-line method of depreciation is used. Machine B: The recorded cost of this machine was $180,000. Marigold estimates that the useful life of the machine is 4 years with a $-31,200 salvage value remaining at the end of that time period. Your answer is correct. Prepare the following for Machine A. (Round answers to O decimal places, e.g. 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 o for the amounts.) 1. The Journal entry to record its purchase on January 1, 2019. 2. The journal entry to record annual depreciation at December 31, 2019. Debit Credit No. Account Titles and Explanation 1. Equipment 42990 Cash 42990 2. Depreciation Expense 7718 Accumulated Depreciation Equipment 7718 (b) Calculate the amount of depreciation expense that Marigold should record for Machine B each year of its useful life under the following assumptions. (Round depreciation cost per unit to 2 decimal places, e.g. 12.25. Round final answers to o decimal places, e.g. 2,125.) (1) Marigold uses the straight-line method of depreciation (2) Marigold uses the declining-balance method. The rate used is twice the straight-line rate. (3) Marigold uses the units-of-activity method and estimates that the useful life of the machine is 176,000 units. Actual usage is as follows: 2019, 59,000 units; 2020, 48,000 units; 2021, 37,000 units; 2022, 32,000 units Depreciation Expense 2020 2021 2019 2022 Straight-line method 7320 Declining balance method $ Units-of-activity method Click If you would like to Show Work for this question: Open Show Work