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please fill out journal entry Required Information The following information applies to the questions displayed below.) At the beginning of the year, Plummer's Sports Center
please fill out journal entry
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 35.500 1.900 3.300 Machines $ 32,800 1,400 1,600 Machine $ 27550 800 1,800 By the end of the first year, each machine had been operating 6,400 hours. 2. Prepare the entry to record depreciation expense at the end of year 1, assuming the following of no entry ts required for a transaction/event, select "No journal entry required" in the first account field.) Machine A B C ESTIMATES Life Residual Value so years $2.700 66.000 hours 2.800 9 years 2,700 Depreciation Method Straight line Units-of-production Double-declining-balance View transactie la Journal entry worksheet Record the depreciation expense for year 1. Nordic Transaction General Journal Debut Credit Step by Step Solution
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