PRINTER VERSION 4 BACK NEXT Problem 10-3A (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 was $49,500. Related expenditures included: sales tax $3,650, shipping costs $100, insurance during shipping $60, installation and testing costs $110, and $150 of oil and lubricants to be used with the machinery during its first year of operations. Evers estimates that the useful life of the machine is 5 years with a $5,350 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. Evers estimates that the useful life of the machine is 4 years with a $10,250 salvage value remaining at the end of that time period. (a) Your answer is partially correct. Try again. Prepare the following for Machine A. (Round answers to 0 decimal places, e.g. 5,125. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) 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 1. Equipment $53,570 Cash $53,570 2. Depreciation Expense $5,250 Accumulated Depreciation-Equipment $5,250 Click if you would like to Show Work for this question: Oren Show Work 10:13 PM