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 $19,200 1,700 Cost of the asset Installation costs Renovation costs prior to use Repairs after production begon Machine $35,700 2,200 1,500 500 Machine $23,000 900 1,700 BOD 700 500 By the end of the first year, each machine had been operating 8,000 hours. Required: 1-0. Compute the cost of each machine. Machine B Total Total cost 1-b. Which of the following should be capitalized? (Select all that opply) Renovation costi Instalation costs Purchase costs Repair cost Depreciation costs 2. Prepare the journal entry to record depreciation expense of 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.) Machine Depreciation Hothod A years 14.00 hours 5 years Nesidual Value $1,000 2.000 1,500 Units of production Double declinin balance View transaction list Journal entry worksheet