On January 1, 2016, Aylmer Inc purchased a new machine. The invoice price for the machine was
Aylmer incurred the following costs:
	Shipping and installation of the machine			19,000
	Cost of testing the machine			25,000
The machine is expected to have a useful life of 15 years and is expected to have no residual value.
On April 2, 2018, Aylmer had to replace some belts on the machine. The belts cost $1,050.
On January 1, 2021; Aylmer had to make some additions to the machine in the amount of				120,000
The additions did not change the useful life of the machine.
Aylmer uses the straight-line method of calculating depreciation.
Aylmer has a December 31 year end and recorded depreciation annually.
Instructions:
a) Prepare the journal entry at January 1, 2016.
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b) Prepare the required journal entry at December 31, 2016.
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c) Prepare the required journal entry at April 2, 2018
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d) Prepare the required journal entry at January 1, 2021
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e) Prepare the required journal entry at December 31, 2021
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