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On January 1, 2022, Flint 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, Flint Company purchased the following two machines for use in its production process. Machine A: The cash price of this machine was $46,000. Related expenditures also paid in cash included: sales tax $3,250 shipping costs $200, insurance during shipping $110, installation and testing costs $90, and $100 of oil and lubricants to be used with the machinery during its first year of operations. Flint estimates that the useful life of the machine is 5 years with a $4,200 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. Flint estimates that the useful life of the machine is 4 years with $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.g. 5,125. List all debit entries before credit entries. doccount titles are automatically indented when amount is entered. Do not indent manually. If no entry is reoulred, select "No Entry" for the account titles and enter 0 for the amounts.) 1. The journal entry to record its purchase on January 1,2022. 2. The journat entry to record annual depreciation at December 31,2022. Calculate the amount of depreciation expense that Flint 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 finat answers to 0 decimal places, e.g. 2,125.) (1) Flint uses the straight-line method of depreciation. (2) Flint uses the declining-balance method. The rate used is twice the straight-line rate. (3) Flint uses the units-of-activity method and estimates that the useful life of the machine is 136,120 units. Actual usage is as follows: 2022,49,000 units; 2023,38,000 units; 2024, 27,000 units; 2025, 22,120 units

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