record depreciation expense

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 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 Machine A Machine B Machine Invoice price paid for asset $ 13,400 $ 32,400 $ 17,650 Installation costs 2,100 Renovation costs prior to use 2,600 2,600 1,000 1,900 1, see By the end of the first year, each machine had been operating 4,900 hours 2. Prepare the entry to record depreciation expense at the end of Year 1, assuming the following. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Machine ESTIMATES Residual Life Value 6 years $1,300 67,000 hours 2,500 7 years 2,100 Depreciation Method Straight-line Units-of-production Double-declining balance View transaction list Journal entry worksheet 1 Record the depreciation expense for year 1. Required information Machine Life 6 years 67,000 hours 7 years Residual Value $1,300 2,500 2,100 Depreciation Method Straight-line Units-of-production Double-declining-balance B View transaction list Journal entry worksheet