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Problem 9-3A On January 1, 2019, Blue Spruce Company purchased the following two...

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Accounting

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Problem 9-3A On January 1, 2019, Blue Spruce Company purchased the following two machines for use in its production process. Machine A: The cash price of this machine was $56,500. Related expenditures included: sales tax $2,550, shipping costs $100, insurance during shipping $50, installation and testing costs $90, and $200 of oil and lubricants to be used with the machinery during its first year of operations. Blue Spruce estimates that the useful life of the machine is 5 years with a $4,350 salvage value remaining at the end of that time period. Assume that the straight-line method of depreciation is used. The recorded cost of this machine was $180,000. Blue Spruce estimates that the useful life of the machine is 4 years with a $10,100 salvage value remaining at the end of that time period. Machine B

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