At the beginning of the year, Plummers Sports Center bought three used fitness machines from Brunswick Corporation. The machines immediately were overhauled, installed, and started operating. The machines were different; therefore, each had to be recorded separately in the accounts.

	Machine A		Machine B		Machine C
Invoice price paid for asset	$	11,000	$	30,000	$	8,000
Installation costs		500		1,000		500
Renovation costs prior to use		2,500		1,000		1,500

By the end of the first year, each machine had been operating 4,800 hours.

2. Prepare the 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.)

	ESTIMATES
Machine	Life	Residual Value	Depreciation Method
A	5 years	$1,000	Straight-line
B	60,000 hours	2,000	Units-of-production
C	4 years	1,500	Double-declining-balance