The following data relate to the Machinery account of Eshkol, Inc

The following data relate to the Machinery account of Eshkol, Inc. at December 31, 2014.

                                      Machinery

                              A            B            C           D

Original cost                 46,000          51,000       80,000      80,000

Year purchased              2009           2010         2011       2013

Useful life                  10 years        15,000 hours   15 years     10 years

Salvage value                3,100           3,000       5,000        5,000

Depreciation method       Sum-of-the-         Activity       Straight-line   Double-

                        years-digits                                Declining-                                                                       balance

Accum depre. through 2014   31,200          35,200        15,000      16,000

The following transactions occurred during 2015

(a)On May 5, Machine A was sold for 13,000 cash. The company's bookkeeper recorded this retirement in the following manner in the cash receipts journal

Cash                13,000  

  Machinery A                   13,000

(b)On Dember 31, it was determined that Machine B had been used 2,100 hours during 2015.

(c)On December 31, before computing depreciation expense on Machine C, the management of Eshkol, decided the useful life remaining from January 1, 2015, was 10 years.

(d)On December 31, it was discovered that a machine purchased in 2014 had been expensed completely that year. This machine cost 28,000 and has a useful life of 10 years and no salvage value. Management had decided to use the double-declining balance method for this machine, which can be referred to as "Machine E."

Instructions

Prepare the necessary correcting entries for the year 2015. Record the appropriate depreciation expense on the above-mentioned machines.