On January $1,2022,$ Wildhorse Company purchased the following two machines for use in its production process.

Machine A: The cash price of this machine was $$48,000.$ Related expenditures also paid in cash included: sales tax $$1,550,$ shipping costs $$100,$ insurance during shipping $$70,$ installation and testing costs $$70,$ and $$200$ of oil and lubricants to be used with the machinery during its first year of operations. Wildhorse estimates that the useful life of the machine is $5$ years with a $$4,950$ 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 $$180,000.$ Wildhorse estimates that the useful life of the machine is $4$ years with a $$18,300$ salvage value remaining at the end of that time period.