5 2 of 2 s Book -> Print 0 ference 0 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 Machine Machine B A $15,100 $31,900 $13,600 1,500 1,800 800 3,200 2,000 2,400 By the end of the first year, each machine had been operating 6,700 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.) ESTIMATES Residual Depreciation Method Machine A Life 5 years Value $1,300 Straight-line 65,000 B Units-of- 3,200 hours C 6 years 1,500 production Double-declining- balance View transaction list Journal entry worksheet < Record the depreciation expense for year 1. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry View general journal Clear entry