At the beginning of the year, Grillo Industries bought three used machines from Freeman Incorporated. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts.

	Machine A			Machine B			Machine C
Cost of the asset	$	9,300		$	38,500		$	22,300
Installation costs		950			2,400			1,500
Renovation costs prior to use		750			2,000			2,500
Repairs after production began		800			900			1,000

By the end of the first year, each machine had been operating 8,000 hours.

Required:
1.	Compute the cost of each machine.

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. Do not round intermediate calculations.)

	Estimates
Machine	Life	Residual Value				Depreciation Method
A	5 years		$	1,300		Straight-line
B	20,000 hours			900		Units-of-production
C	10 years			1,700		Double-declining-balance