On January 1, 2014,Evers 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 include: sales tax $1,700, shipping cost $150,insurance during shipping $80, installation and testing cost$70, and $100 of oil and lubricants to be used with the machinery during its first year of operations. Evers estimates that the useful life of the machine is 5 years with %5,000salvage 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. Evers estimates that the useful life of the machine is 4 years with a $10,000 salvage value remaining at the end of that time period.

1. The journal entry to record its purchase on January 1, 2014

2. The journal entry to record annual depreciation at December 31, 2014