8 2 of 2 Book Print rences 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) 500 Renovation costs prior to use 2,500 By the end of the first year, each machine had been operating 4,800 hours. Machine A B 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. View transaction list ESTIMATES Life 5 years 60,000 hours 4 years 1 Residual Value $1,000 2,000 1,500 Journal entry worksheet Machine A Machine B Machine C $11,000 $30,000 $8,000 500 1,500 Record the depreciation expense for year 1. 1,000 1,000 Depreciation Method Straight-line Help Units-of-production Double-declining-balance Save & Exit Subr Check my wort

At the beginning of the yeas, 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. By the end of the first year, each machine had been operating 4,800 hours. 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 he first account field