2 points A9-1 Computing Acquisition Cost and Recording Depreciation under Three Iternative Methods [LO 9-2, LO 9-3] t the beginning of the year, Grillo Industries bought three used machines from Freeman Incorporated. The nachines immediately were overhauled, were installed, and started operating. Because the machines were fferent, each was recorded separately in the accounts. Cost of the asset Installation costs Renovation costs prior to use Repairs after production began Machine A Machine B Machine C $9,800 $39,000 $22,800 2,900 2,500 900 950 750 500 2,000 3,000 1,500 By the end of the first year, each machine had been operating 8,000 hours. Required: 1. Compute the cost of each machine. Cost of Machine A 11,500 $ 44,400 $ 27,800 no entry is required for a transaction/event, select No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Estimates Machine Lifelll Residual ValuelDepreciation Method 5 years $ 1,800 1,400 2,200 Straight-line Units-of-production Double-declining-balance 20,000 hours 10 years View transaction list Journal entry worksheet Record the depreciation expense for the three used machines at the end of year 1. Note: Enter debits before credits. Transaction General Journal Debit Credit Depreciation Expense Accumulated Depreciation - Machine A Accumulated Depreciation - Machine B Accumulated Depreciation - Machine C Record entry Clear entry View general journal