At the beginning of the year. CCZ Corporation bought three used machines from Pequita Compression Incorporated. The machines immediately were overhauled, Installed, and started operating. Because the machines were different from each other, each was recorded separately in the accounts. Machine A Machine a Machinec Cont of the astot $10,000 Installation costa $31,500 $22,000 1,600 2,100 800 Renovation costs prior to use 600 1,400 1.600 Repairs after production began 500 400 700 By the end of the first year, each machine had been operating 7.000 hours. Required: 1-a. Compute the cost of each machine. Machine B Total Total cost 1. Which of the following should be capitalized? (Select all that apply.) Renovation costs ration cous Purchase par con Direction 2. Prepare the journal 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 Machine Lite 5 years 33,000 hours 5 years Residual Value $1,000 2,000 1,400 Depreciation Method Straight-line Units-of-production Double-declining balance View transaction et Journal entry worksheet Record the entry for depreciation expense at the end of year 1 Transaction General Journal Det Credit