2) (10 points) At the beginning of the year, Plummer's Sports Center bought three used fitness machines from Brunswick Corporation. The machines immediately were overhauled, installed, and started operating. The machines were different; therefore, each had to be recorded separately in the accounts. Invoice price paid for asset Installation costs Renovation costs prior to use Machine A $ 18,600 1,100 Machine B $ 33,400 Machine C $ 29,900 1,500 3,600 2,500 1,400 1,600 By the end of the first year, each machine had been operating 6,200 hours. Calculate the total depreciation expense at the end of Year 1, assuming the following: ESTIMATES Machine A Life 7 years Residual Value Depreciation Method $1,600 Straight-line BC 67,000 hours 3,800 Units-of-production 10 years 1,700 Double-declining-balance