8. 25 points At the beginning of the year, ride Industries bought thread machines from Freeman incorporated. The machines immediately were overhauled, were relied, and started operating. Because the machines were different such was recorded separately in the accounts Machine Coal of the asset Renon costs prior to 1.100 Napomer production beca By the end of the first year, each machine had been operating 8.000 hours wing 1. Compute the cost of each machine 2. Prepare the journal entry to record depreciation experise at the end of yow 1, assuming the Machine Rew Depreciation Method Straighting 30,000 hours 1.400 Date decang halnice Complete this question by entering your answers in the tabs below. Recured Required a journal entreo Compute the cost of each machine $ 10,400 $ 2020 are References General Journal Learning Objective: 0902 Acolythe cost principle to the s on of longtved Difficulty: 2 Medium Leaming Objective: 09-03 Apply various depreciation methods as economic benetes are used up over