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 Hepairs after production began Machine Machine D $9,820 $33,990 1,510 2,010 510 1,310 410 310 Machine a $21,100 710 1.510 610 By the end of the first year, each machine had been operating 6,100 hours Required: 1-a. Compute the cost of each machine. Machine C Total Total cost 1-b. Which of the following should be capitalized? (Select all that apply.) Renovation costs Installation costs Purchase costs Repair cost Depreciation costs MEM Submit 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.) Check my work Estimates Machine Lite Residual Value $1,000 2,000 1,500 4 years 32,100 hours 5 years B Depreciation Method Straight-line Units-of-production Double-declining-balance View transaction list Journal entry worksheet