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	$	9,800		$	39,000		$	22,800
Installation costs		950			2,900			2,000
Renovation costs prior to use		750			2,500			3,000
Repairs after production began		500			900			1,500

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

Required:

Compute the cost of each machine.

Prepare the journal entry to record depreciation expense at the end of year 1, assuming the following:

	Estimates
Machine	Life		Residual Value				Depreciation Method
A	5	years		$	1,800		Straight-line
B	20,000	hours			1,400		Units-of-production
C	10	years			2,200		Double-declining-balance

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.)