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On January 1,2020, Shefficld Company purchased the following two machines for use in its production process. Machine A: The cash price of this machine was

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On January 1,2020, Shefficld Company purchased the following two machines for use in its production process. Machine A: The cash price of this machine was \$41,000. Related expenditures included: sales tax $1.650, shipping costs $200, insurance during shipping $50, installation and testing costs $90, and $200 of oil and lubricants to be used with the machinery during its first year of operations. Sheffieid estimates that the useful life of the machine is 5 years with a $4,400 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. Sheffieid estimates that the useful life of the machine is 4 years with a $9,750 salvage value remaining at the end of that time period. Calculate the amount of depreciation expense that Sheffeld should record for Machine B each year of its usufua afe under the following assumptions. (Round depreciation cost per unit to 2 decimal places. eg. 12.25. Round finaf answers fo 0 decimal ploces es. 2,125. (1) Sheffeld uses the straight-line method of depreciation. (2) Shelfueld uses the declining-balance method: The rate used is twice the straight-line rate (3) Shetheld uses the units-of-activity method and estimates that the weful life of the machine is 141.075 unifs. Actus usage is as follows: 2020,50,000 units: 2021,39,000 units: 2022,28,000 units: 2023,24,875 units: At the beginning of 2018, Grouper Company acquired equipment costing $198,800, it was estimated that this equipment woukd have a useful ilfe of 6 years and a salvage value of $18,880 at that time. The straight-line method of depreciation was considered the most appropriate to use with this type of equapment. Depreciation is to be recorded at the end of each year. During 2020 (the third year of the equipment's lifel, the company's engincers reconsidered their expectations, and estimated that the equipment's useful life would probably be 7 years fin totall instead of 6 years. The eitimated salvage value was not changed at that time. However during 2023 the estimated salvage value was reduced to 55,000 . Indicate how moch degreciatiog expense should be recorded each year for this equigment. ty comoleting the folowing tabie- Record the disposal under the following assumptions. (a) It was scrapped as having no value. (b) It was sold for $19,000. (c) It was sold for $37,800. the account titles and enter O for the amounts. n 0

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