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 BMachine C Cost of the asset Installation costs Renovation costs prior to use Repairs after production began $10,000 1,600 600 500 $31,500 2,100 1,400 400 $22,000 800 1,600 700 By the end of the first year, each machine had been operating 7,000 hours Requirec 1-a. Compute the cost of each machine Machine 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