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

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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 machine was $50,400. Related expenditures included: sales tax $2,700, shipping costs $130, insurance during shipping $60, installation and testing costs $60, and $170 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 $4,700 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 $193,600. Evers estimates that the useful life of the machine is 4 years with a $11,000 salvage value remaining at the end of that time period. Your answer is partially correct. Try again. 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 tities 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 E Debit Credit 1. Accumulated Depreciation 53350 53350 Cash 9730 730

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