*Problem 9-3B (Part Level Submission) On January 1, 2017, Marigold SA purchased the following two machines for use in its production process. Machine A: The cash price of this machine was 54,100. Related expenditures included: sales tax 3,500, shipping costs 260, insurance during shipping 80, installation and testing costs 1,200, and 140 of oil and lubricants to be used with the machinery during its first year of operations. Marigold estimates that the useful life of the machine is 4 years with a 4,800 residual value remaining at the end of that time period. The recorded cost of this machine was 154,050. Marigold estimates that the useful life of the machine is 5 years with a 11,850 residual value remaining at the end of that time period. Machine B: *(a) Your answer is correct. Prepare the following for Machine A. (Round answers to 0 decimal places, e.g. 2,125. 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, 2017. 2. The journal entry to record annual depreciation at December 31, 2017, assuming the straight-line method of depreciation is used. Debit Credit No. Account Titles and Explanation Equipment 1. 159140) TCash 759140 2. Depreciation Expense T13585) TAccumulated Depreciation Equipment T 13585 Attempts: 2 of 3 used *(b) Calculate the amount of depreciation expense that Marigold should record for Machine B each year of its useful life under the following assumption. (Round answers to 0 decimal places, e.g. 2,125. Round cost per unit to 2 decimal place, e.g. 1.25.) (1) (2) (3) Marigold uses the straight-line method of depreciation. Marigold uses the declining-balance method. The rate used is twice the straightline rate. Marigold uses the units-of-activity method and estimates that the useful life of the machine is 23,700 units. Actual usage is as follows: 2017, 4,400 units; 2018, 7,700 units; 2019, 7,300 units; 2020, 2,400 units and 2021, 1,900 units. 2017 2018 2019 2020 2021 Straight-line method Declining-balance method Units-of-activity method Attempts: 0 of 3 used