P9-3B On January 1, 2017 Abraham SA purchased the following two machines for use in its production process. Machine A: The cash price of this machine was 55,000. Related expenditures included: sales tax 3,300, shipping costs 325, insurance during ship- ping 75, installation and testing costs 1,300, and 90 of oil and lubri cants to be used with the machinery during its first year of operation. Abraham estimates that the useful life of the machine is 4 years with a 6,000 residual value remaining at the end of that time period. Machine B: The recorded cost of this machine was 130,000. Abraham estimates that the useful life of the machine is 5 years with a 10,000 residual value remaining at the end of that time period.