Help Save & Exit Check Required information [The following information applies to the questions displayed below.) 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. Amount paid for asset Installation costs Renovation costs prior to use Machine A $ 21,700 800 3,600 Machine B $ 32,100 3,000 1,700 Machine C $ 11,900 1,700 1,700 By the end of the first year, each machine had been operating 5,700 hours. 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.) Machine ESTIMATES Residual Life Value 9 years $1,800 68,000 2,800 hours 6 years 3,300 Depreciation Method Straight-line Units-of-production Double-declining-balance View transaction list transaction/event, select "No Journal entry required" in the first account field.) Part 2 of 2 Machine ESTIMATES Residual Life Value 9 years $1,800 68,000 hours 2,800 6 years 3,300 Doints Depreciation Method Straight-line Units-of-production Double-declining-balance eBook View transaction list Print Journal entry worksheet References Record the depreciation expense for year 1. Note: Enter debits before credits. General Journal Debit Transaction Credit View general Journal Record entry Clear entry