On March 20, 2020, FineTouch Corporation purchased two machines at auction for a combined total cost of $219,000. The machines were listed in the auction catalogue at $110,000 for machine X and $155,000 for machine Y. Immediately after the auction, Fine Touch had the machines professionally appraised so it could increase its insurance coverage. The appraisal put a fair value of $106,650 on machine X and $130,350 on machine Y. On March 24, Fine Touch paid a total of $4,600 in transportation and installation charges for the two machines. No further expenditures were made for machine X, but \$5,000 was paid on March 29 for improvements to machine Y. On March 31,2020 , both machines were ready to be used. The company expects machine X to last five years and to have a residual value of $3,000 when it is removed from service, and it expects machine Y to be useful for eight more years and have a residual value of $12,780 at that time. Due to the different characteristics of the two machines, different depreciation methods will be used for them machine X will be depreciated using the double-diminishing-balance method and machine Y using the straight-line method. Prepare the fourrial entry to record the depreciation expense to December 31,2020 , for esch machine: (Credit occount tifles are automatically indented when the amount is entered. Do not indent manually, Round onswers to the nearest whale dollar, eg. 5,275 . if no entry is required, select "No Entry" for the account titles and enter O for the amounts)