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

$

36,500

$

34,600

$

8,600

Installation costs

600

1,400

2,000

Renovation costs prior to use

3,800

2,700

3,400

. Compute the cost of each machine.

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		10 years	$1,900		Straight-line
B		71,000 hours	3,200		Units-of-production
C		5 years	3,100		Double-declining-balance

Machine A Machine B S Machine C Total Cost $ 40,900 $ 38,700 $ 14,000