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*Problem 9-3A (Part Level Submission) On January 1, 2015, Evers Company purchased the following two machines for use in its production process. Machine A: The

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*Problem 9-3A (Part Level Submission) On January 1, 2015, Evers Company purchased the following two machines for use in its production process. Machine A: The cash price of this rmachine was $38,000. Related expenditures included: sales tax 3,100 shipping costs $140 insurance during shipping 570 Installation and testing costs $60, and $180 of oil and lubricants to be used with the machinery during its first year of operations. Evers estimates that the userul life of the machine is 5 years with a $4,400 salvage value remaining at the end of tnat time period. Assume that the straight-line method of depreciation is used The recorded cost of this machine was 171,200, Evers estimates that the useful ife cf the machine is 4 years with a $9,200 salvage value remaining at the end of that time period. Machine B; Your answer is correct Prepare the following for Machine A. (Round answers to 0 decimal places, e.g. 2,125. If no entry is required, select No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. The journal entry to record its purchase on January 1, 2015. 2. The journal entry to record annual depreciation at December 31, 2015. No. Account Titles and Explanation Debit Credit 41370 1. 1570 137 cpreciation Exp 739 cumulated Deoreciation-Equipmen Attempts: 1 of 5 used Calculate the amount of depreciation expense that Evers should record for Machine B each year of its useful life under the following assumptions. (Round nal answers to 0 decimal places, e.g. 2,125.) (1) Evers uses the straight-line method of depreciation. (2) Evers uses the decining-balance method. The rate used is twice the straight-line rate. (3) Evers uses the units-of-activity method and estimates that the useful life of the machine is 118,500 units. Actual usage is as follows: 2015, 48,600 units; 2016, 35,200 units; 2017, 20,500 units; 2018, 14,200 units. 2017 018 ight-line Declining-balance method Units-of-activity method s Attempts: 0 of 5 used The parts of this question must be completed in order. This part will be available when you complete the part above

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