At the beginning of the year, Young Company bought three used machines from Vince, Inc. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts

	Machine A			Machine B			Machine C
Amount paid for asset	$	8,450		$	27,300		$	11,000
Installation costs		450			850			750
Renovation costs prior to use		3,200			1,600			1,150
Repairs after production began		570			520			750

By the end of the first year, each machine had been operating 5,000 hours.

Compute the cost of each machine.

Prepare the journal entry to record depreciation expense at the end of year 1, assuming the following:(Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)