Chapter 09 (PART II) CP9-1 Question 1 (of 1) value 2.00 points At the beginning of the year, Young Company bought three used machines from Vince, Inc. The immediately were overhauled, were installed, and started operating. Because the machines were each was recorded separately in the accounts. machines different, Amount paid for asset Installation costs Renovation costs prior to use Repairs after production began $8,250 $26,900 $10,600 550 1,750 650 250 2,800 530 650 1,350 480 By the end of the first year, each machine had beon operating 9,000 hours Required: 1. Compute the cost of each machine. Cost of Machine Machine A Machine B Machine C 2. 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, s elect "No MacBoo