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On January 1, 2022, Bramble Company purchased the following two machines for use in its production process. Machine A. The cash price of this machine

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On January 1, 2022, Bramble Company purchased the following two machines for use in its production process. Machine A. The cash price of this machine was $37,500. Related expenditures also paid in cash included: saies tax $3.350, shipping costs $150, insurance during shipping $60, installation and testing costs $50, and $150 of oil and lubricants to be used with the machinery during its first year of operations. Bramble estimates that the useful life of the machine is $ years with a $4,150 salvage valve 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 $180,000,8 ramble 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. Prepare the following for Machine A. (Round answers to 0 decimal places, e.s. 5,125. List all debit entries before credit entries, 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 Jancary 1.2022. 2. The journal entry to record annual depreciation at December 31,2022. Calculate the amount of depreciation expense that Bramble should record for Machine B each year of its useful life under the following assumptions. (Round depreciation co per unit to 2 decimal places, e.g. 12.25. Round final answers to 0 decimal places, e.g. 2.125.) (1) Bramble uses the straight-line method of depreciation. (2) Bramble uses the declining-balance method. The rate used is twice the straight-line rate. (3) Bramble uses the units-of-activity method and estimates that the useful life of the machine is 148,000 units. Actual usage is as follows: 2022, 51,500 units; 2023,41,000 units; 2024,30,500 units; 2025, 25,000 units. The highest amount in year 4(2025)? The highest total amount over the 4 -vear period? eTextbook and Media

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