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On January 1,2022. Whispering Winds Compary 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. Whispering Winds Compary purchased the following two machines for use in its production process. Machine A: The cash price of this machine was $4,500. Related expenditures also paid in cash included: sales tax $2,050. shipping costs $100, insurance during shipping $110, installation and testing costs $80, and $100 of oil and lubricants to be used with the machinery during its first year of operations. Whispering Winds estimates that the useful life of the machine is 5 years with a $4,100 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. Whispering Winds estimates that the useful life of the machine is 4 years with a $10,600 salvage value remaining at the end of that time period. (a) Yocir answer is correct. Prepare the following for Machine A. (Credit account titles are outornatically indented when amount is entered. Do not indent manually. If no entryls required, select "No Entry" for the occount titles and enter Ofor the amounts) 1. The journal entry to record its purchase on lanuary 1,2022. 2. The journal entry to record annual depreciation at December 31,2022 . Calculate the amount of depreciation expense that Whispering Winds should record for Machine B each year of its useful fife under the following assumptions. (Round depreciation cost per unit to 2 decimal ploces, es. 12.25. Round final answers to 0 decimal places, eg. 2, 125.) (1) Whispering Winds uses the straight-line method of depreciation. (2) Whispering Winds uses the declining-balance method. The rate used is twice the straight-line rate. (3) Whispering Winds uses the units-of-activity method and estimates that the useful life of the machine is 154,000 units. Actual usage is as follows: 2022, 56,000 units; 2023,43,000 units;2024,30,000 units, and 2025, 25,000 units

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