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Required information [The following information applies to the questions displayed below) At the beginning of the year, Maroon Industries bought three used machines. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Details for Machine A are provided below. Cost of the asset $10,600 Installation costs 900 Renovation costs prior to use 1.080 Repairs after production began 830 Required: 1. Compute the amount to be capitalized for Machine A. Total cost $ of 7 Required information The following information applies to the questions displayed below) At the beginning of the year, Maroon Industries bought three used machines. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Details for Machine A are provided below. Cost of the asset $10,600 Installation costs 960 Renovation costs prior to use 1,080 Repairs after production began 830 we 2. Compute year 2 straight line depreciation expense for Machine A, assuming an estimated life of 4 years and $1,000 residual value. Year 2 straight-line depreciation expense 3. Prepare the journal entry to record year 2 straight-line depreciation expense for Machine A, assuming an estimated life of 4 years and $1.000 residual value. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) Vw transactions Journal entry worksheet Record the year 2 depreciation expense for Machine A. Note Edit before credits General Journal Debit Credit Transaction 1 Required information The following information applies to the questions displayed below. At the beginning of the year, Maroon Industries bought three used machines. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, cach was recorded separately in the accounts. Details for Machine A are provided below. Cost of the asset Installation costs Renovation costs prior to use Repairs after production began $10, 500 960 1,000 830 4. Compute year 2 units of production depreciation expense for Machine B, assuming a capitalized cost of $48,720, an estimated life of 30,000 hours, $4,500 residual value, and actual year 2 use of 8,000 hours. (Do not round Intermediate calculations.) Year 2 units of production depreciation expense 5. Prepare the journal entry to record year 2 units of production depreciation expense for Machine B, assuming a capitalized cost of $48,720, an estimated life of 30,000 hours, $4,500 residual value, and actual year 2 use of 8,000 hours. (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 Journal entry worksheet Record the year 2 depreciation expense for Machine B. Not: Enter dit before credits Transaction General Journal Debit Credit 1 Required information [The following information applies to the questions displayed below.) At the beginning of the year, Maroon Industries bought three used machines. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Details for Machine A are provided below. Cost of the asset Installation costs Renovation costs prior to use Repairs after production began $10,600 960 1.080 830 6. Compute years 1 and 2 double-declining balance depreciation expense for Machine C, which has a cost of $27,000, an estimated life of 10 years, and $1,400 residual value. Year 1 Year 2 Double declining balance 7. Prepare the journal entry to record year 2 double-declining balance depreciation expense for Machine C, which has a cost of $27000, an estimated life of 10 years, and $1.400 residual value. (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the year 2 depreciation expense for Machine C Not: Eriter debits before credit General Journal Debit Credit Transaction 1