At the beginning of the year, Plummer's 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$21,800$36,300$18,050 Installation costs1,1002,9001,200 Renovation costs prior to use2,8001,9002,800

By the end of the first year, each machine had been operating 6,400 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

MachineLife Residual Value Depreciation Method A7 years$1,900Straight-line B76,000 hours 3,100Units-of-production C7 years 2,300Double-declining-balance