2 Part 2 of 2 1.42 points eBook Printi Required information [The following information applies to the questions displayed below.] At the beginning of the year, Plummer's Sports Center bought three used fitness machines from Primo Fitness, an established supplier of used, new and refurbished gym equipment in Southern California. The machines immediately were overhauled and started operating. The machines were different; therefore, each had to be recorded separately in the accounts. Invoice price paid for asset Shipping costs (paid by Plummer) Renovation costs prior to use Machine A Machine B Machine C $17,800 2,200 3,300 $37,500 2,300 3,000 $19,850 1,200 3,100 By the end of the first year, each machine had been operating 5,600 hours. References 2. Prepare the entry to record depreciation expense at the end of Year 1, assuming the following. Note: Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. ESTIMATES Machine Life Residual Value A B 6 years 78,000 hours $1,700 3,800 Depreciation Method Straight-line Units-of-production 7 years 2,000 Double-declining- balance View transaction list Journal entry worksheet Record the depreciation expense for year 1. Note: Enter debits before credits. 2. Prepare the entry to record depreciation expense at the end of Year 1, assuming the following. Note: Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. ESTIMATES Machine Life Residual Value A B 6 years 78,000 hours $1,700 Depreciation Method Straight-line 3,800 Units-of-production Double-declining- 7 years 2,000 balance View transaction list Journal entry worksheet 1 Record the depreciation expense for year 1. Note: Enter debits before credits. Transaction a General Journal Debit Credit Record entry Clear entry View general journal >