Machine A Machine B Machine C Cost of the asset Installation costs Renovation costs prior to use Repairs after production began $10,700$39,900$23,700 2,900 3,900 2,400 900 700 600 3,800 3,400 800 By the end of the first year, each machine had been operating 8,000 hours. Required: 1. Compute the cost of each machine. Cost of Machine A S12,300 $ 47,100 C S 30,500 2. Prepare the journal entry to record depreciation expense at the end of vear 1 acgumigg the fo