ms Saved By the end of the first year, each machine had been operating 8,000 hours. Required: 1. Compute the cost of each machine, 2. Prepare the journal entry to record depreciation expense at the end of year 1, assuming the following: Estimates Machine Life Residual Valor Deprecation Method 4 years $1,000 Straight line 30,000 hours Units of production 10 years 1,400 Double declining balance Complete this question by entering your answers in the tabs below. Regowed 1 Required 2 Compute the cost of each machine Contot Machine VA Mache Machine Red Required 2 > Prey 1 of 2 Next > M DX prece Me gute SO At the beginning of the year, Grillo Industries bought three used machines from Freeman Incorporated. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts Cost of the Installation costs Renovation costs prior to vie Repairs after production be Machine $9,000 300 GO so Machine $38,200 2,100 Machine C $22,000 1.200 2,200 Tee 600 By the end of the first ye each machine had been operating 8.000 hours Required: 1. Compute the cost of each machine 2. Prepare the journal entry to record depreciation expense at the end of year assuming the following 30. ho 51.00 4,500 1,400 Straight line of production Complete this question by entering answers in the tabs bew * Prov 12. HE Next > ON tamtica ho Something 6.1 Indirect Object Pronouns GRAMATICA EN ACCION En el mercado Potovo en Puerto dos comunicativa