2 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 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 Machine 8 Machine C $ 30,000 $ 33,880 $ 12,400 1,200 2,800 2,000 3,600 2,900 2,100 onces By the end of the first year, each machine had been operating 6.500 hours. Required: 1. Compute the cost of each machine. Total Cost Machine A Machine B Machine C 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 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 Machine B $ 30,000 $ 33,800 1,200 2,800 3,600 2,900 Machine $ 12,400 2.000 2,100 By the end of the first year, each machine had been operating 6,500 hours. 2. Prepare the 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.) Machine A B ESTIMATES Residual Life Value 10 years $1,800 72,000 hours 3,500 Depreciation Method Straight-line Units of production Double declining balance 5 years View transaction list Dr Next > Required information Journal entry worksheet 1 Record the depreciation expense for year 1. Note: Enter debits before credits General Journal Transaction 1 Debit Credit Record entry Clear entry View general journal