Question: Accounting please help Problem 10-3A On January 1, 2017, Evers Company purchased the followingtwo machines for use in its production process. Machine A: The cash



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Problem 10-3A On January 1, 2017, Evers Company purchased the followingtwo machines for use in its production process. Machine A: The cash price of this machine was $48,000. Related expenditures included: sales tax $1,550, shipping costs $100, insurance during shipping $70, installation and testing costs $70, and $200 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 $4,950 salvage value remaining at the end of that time period. Assume that the straight-line method of depredation is used. Machine B: The recorded cost of this machine was $180,000. Evers estimates that the useful life of the machine is 4 years with a $10,150 salvage value remaining at the end of that time period. Prepare the following for Machine A. (Round answers to 0 decimal places, e.g. 5,125 Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) 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 2. SHOW LIST QF ACCOUNTS LINK TO TEXT Calculate the amount of depreciation expense that Evers shoud record for Machine B.each year of its useful life under the following assumptions. (Round depreciation cost per unit to 2 decimal places, e.g. 12.25. Round final answers to 0 decimaf places, e.g. 2,125.) (1) Evers uses the straight-line method of depreciation (2) Evers uses the declining-balance method. The rate used is twice the straight-line rate (3) Fversuses the unit s-of-activity method and estimates that the useful life of the machine
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