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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

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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. By the end of the first year, each machine had been operating 4.800 hours. Required: Compute the cost of each machine. Give the entry to record depreciation expense at the end of year 1. assuming the following

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