Problem 10-3A On January 1, 2017. Evers Company purchased the following two machines for use in its production process Machine A: The cash once of this machine was $37.000. Related expendituresinde de esta 1500 chicing $100 addushoors t oon and testing costs $50, and $100 of land lubricants to be used with the machinery during its first year of operations Eversemates that the us e of the machine is 5 years with a $4,000 salvage value remaining at the end of that time benod. Assume that the straight ne method of depreciations used Machine B: The recorded cost of this machine was $100,000. Evers estimates that the useful le of the machine is 4 years with a $10.250 salvage value remaining at the end of that time period. Prepare the following for Machine (Round answers to decimal places, 5.125. Cred accounts are automatically not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amount when amounts and 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 BM Calculate the amount of depreciation expense that Evers should record for Machine Beach year of its useful life under the following assumptions (Pound depreciation cost per unit to 2 decimal places, e. 12.25. Round final answers to decimal places, o 2.125.) (1) (2) (3) Evers uses the straight-line method of depreciation Evers uses the dedining-balance method. The rate used is twice the straight-line rate Evers uses the units-of-activity method and estimates that the useful life of the machine is 113,000 units. Actual usage is as follows: 2017, 42,000 unit 2010, 32,000 units: 2019, 22 000 units: 2020, 17,000 units Depreciation Expense 2018 2017 Straight-line method ode Declining balance method Units-of-activity method