Question 9 On January 1, 2017, Riverbed SA purchased the following two machines for use in its production process. Machine A: The cash price of this machine was 59,100. Related expenditures included: sales tax 3,700, shipping costs 380, insurance during shipping 100, installation and testing costs 1,100, and 200 of oil and lubricants to be used with the machinery during its first year of operations. Riverbed estimates that the useful life of the machine is 4 years with a 4,300 residual value remaining at the end of that time period. Machine B: The recorded cost of this machine was 143,780. Riverbed estimates that the useful life of the machine is 5 years with a 11,060 residual value remaining at the end of that time period. Your answer is partially correct. Try again. entered. Do not indent manually.) Prepare the following for Machine A. (Round answers to o decimal places, e.g. 2,125. Credit account titles are automatically indented when amount 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. No. Account Titles and Explanation Debit Credit 1. Equipment 64380 Cash 64380 2. Depreciation Expense 12016 Accumulated Depreciat 12016 Your answer is partially correct. Try again. Calculate the amount of depreciation expense that Riverbed should record for Machine B each year of its useful life under the following assumption. (Round answers to o decimal places, e.g. 2,125. Round cost per unit to 2 decimal place, e.g. 1.25.) (1) Riverbed uses the straight-line method of depreciation. (2) Riverbed uses the declining-balance method. The rate used is twice the straightline rate. (3) Riverbed 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, 4,500 units; 2018, 8,000 units; 2019, 6,900 units; 2020, 2,500 units and 2021, 1,800 units. 2017 2018 2019 2020 2021 Straight-line method 26544 53088) 79632 106176 132720 Declining-balance method 53088 33483 21121 13323 8404 Units-of-activity method 25200 44800 38640 14000 10080 SHOW LIST OF ACCOUNTS LINK TO TEXT