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. Cost of the asset Installation costs Renovation costs prior to use Repairs after production began Machine A $10,040 Machine B $28,340 Machine C $22,200 1,620 2,120 820 620 520 1,420 420 1,620 720 By the end of the first year, each machine had been operating 7,200 hours. Required: 1-a. Compute the cost of each machine. A Machine B C Total Total cost $ 12,280 $ 31,880 $ 24,640 $ 68,800