Please help for part b
Return to Blackboard andt, Financial & Hanagerial Accounting. 2e 5ystem Announcements Problem 9-3A (Part Level Submission) on January 1, 2017, Evers Company purchased the following two machines for use in its production process. Machine A: The cash price of this Machine B: The recorded machine was $52.000. Related expentures included: sales tax $3,100, shipping costs $200, insurance daring shipping $120, installation and testing costs $50, and $150 of oil I years with a $5,500 salvage value remaining at the end of that time period. Assume that the straight-line method of depred year of operations. Evers estimates that the useful ife of the machine is 5 cost of this machine was $180.000. Evers estimates that the useful life of the machine is 4 years with a $10,200 salvage value remaining at the end of that time period. (a) Your answer is correct. Prepare the following for Machine enter 0 for the amounts.) A. (Round answers to o decimal places e.o. 2,125. Credt account titles are automatically indented when amount is entered. Do not indent manually. If no entry is 1. The journal entry to record its purchase on January 1, 2017 2. The journal entry to record annual depreciation at December 31, 2017. No. Account Titles and Explanation Debit Credit 2.[Depreciation Expense SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER (b) Caloilste the amount of depreciation expense that Evers should record for Machine B each year of its useful ife under the following assumpeions.(Round depreciation cost per unit to 2 decimal places, e.g. 1225.o .125.) (1) Evers uses the straight-Ine method of depredation. (3) Evers ses the units-of-activity method nd estimates that the usutul Ile of the machine is 125,150 units. Actual (2) Evers used the dedining-balance method. The rate used is twice the straight ine rate sape ls as follows 2017, 48 000 unts: 2018, 38,000 'nts: 2019 a 000 tritt 2020, 21,150 2018 019 Straight-line method Decining balance method s