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At the beginning of the year, Grillo Industries bought three used machines. The machines immediately were overhauled, were installed, and started operating. Because the machines

At the beginning of the year, Grillo Industries bought three used machines. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Details for Machine A are provided below.

Cost of the asset $9,000
Installation costs 800
Renovation costs prior to use 600
Repairs after production began 500

PA9-1 (Static) Part 3

3. Prepare the journal entry to record year 2 depreciation expense for Machine A. (If no entry is required for a

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PA9-1 (Static) Computing Acquisition Cost and Recording Depreciation under Three Alternative Methods [LO 9-2, LO 9-3]

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At the beginning of the year, Grillo Industries bought three used machines. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Details for Machine A are provided below.

Cost of the asset $9,000
Installation costs 800
Renovation costs prior to use 600
Repairs after production began 500

PA9-1 (Static) Part 3

3. Prepare the journal entry to record year 2 depreciation expense for Machine A. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

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