On January 1, 2022, Swifty Company purchased the following two machines for use in its production process. Machine A: The cash price of this machine was $3,500. Related expenditures also paid in cash included: sales tax $2,600, shipping costs $100, insurance during shipping $120, installation and testing costs $80, and $150 of oil and lubricants to be used with the machinery during its first year of operations. Swifty 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. Swifty 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. \begin{tabular}{l} Straight- \\ line \\ method \end{tabular} Depreciation Expense