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 $ 10,100 $ 39,300 $ 23,100 Installation costs 850 3,200 2,300 Renovation costs prior to use 650 2,800 3,300 Repairs after production began 800 700 1,800 ompute 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 $ 2,100 Straight-line B 20,000 hours 1,700 Units-of-production C 10 years 1,600 Double-declining-balance