At the beginning of the year, Plummer's Sports Center bought three used fitness machines from Advantage, Inc. 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
Amount paid for asset	$	23,100	$	32,700	$	16,500
Installation costs		2,100		1,700		1,200
Renovation costs prior to use		3,000		2,800		3,100

By the end of the first year, each machine had been operating 6,000 hours.

1. Compute the cost of each machine.
2. Prepare the entry to record depreciation expense at the end of year 1, assuming the following.

	ESTIMATES
Machine		Life	Residual Value	Depreciation Method
A		7 years	$2,300		Straight-line
B		70,000 hours	2,200		Units-of-production
C		8 years	1,900		Double-declining-balance