P8-3 (Algo) Computing the Acquisition Cost and Recording Depreciation under Three Alternative Required informotion Methods LO8-2, 8-3 [The following information applies to the questions displayed below] At the beginning of the yeor, Plummer's Sports Center bought three used fitness machines from Brunswick Corporation. The machines immediately were overhauled, installed, and started operating. The machines were different, therefore. each had to be recorded separately in the accounts. By the end of the first year, each machine had been operating 5,800 hours. 8.3 Part 2 2. Prepore the entry to record depreciation expense ot the end of Year 1, assuming the following. (If no entry is required for a ransaction/event, select "No journol entry required" in the first occount field.)