09 Home X Wwn Home x w w19 WGSS 213: in | Secure l https:// connect.html Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 2 At the beginning of the year, Grillo Industries bought three used machines from Freeman Incorporated. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the 1.25 points Mach chine B Machine C $9,700 $38,900 $22,700 Cost of the asset Installation costs Renovation costs prior to use Repairs after 900 2,800 1900 2,400 2,900 1400 700 800 800 production began By the end of the first year, each machine had been operating 8,000 hours Required: 1. Compute the cost of each machine. & Answer is complete but not entirely correct. Cost o 10,4008 42,000 e +4 4:39 o . us X W W19 WGSS 213: Introdu X Chapter 09 Erm. | Secure l https:// education.com/flow/connect.html Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return to quest 2 2 Required: 1. Compute the cost of each machine Answer Is complete but not entirely correct. 1.25 points 10,400 B $ 42,000 25,400 O 2. Prepare the journal entry to record depreciation expense at the end of year 1, assuming the following: (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Estimates Residual Value Depreciation Machine Life A. 5 years$1,700 Straight-line Prev 22 of 24 Next > +4 4:39 Ywwn9wGSS 21 3: IntrodixyChapter 09 Em. Homex Horne C | secure ! https:/ewconnect.mheduca tion.com/flow/connect.html Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to questi Estimates Life Residual Value Depreciation achine 5 years $1700 Straight-ine 20,000 hours 1,300 Units 1.25 points Units-of-production C 10 years 2100 Double-declining- & Answer is not complete. No on ion Accumulated Depreciation- Machine A 2,350 10,000 10,000 5,080 +4 4:40