record journal entry

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. Invoice price paid for asset Installation costs Renovation costs prior to use Machine A Machine B Machine C $ 35,000 $ 31,280 $ 12,300 1,700 1,700 1.100 4,000 1,700 1,6ee By the end of the first year each machine had been operating 5,400 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.) ESTIMATES Life Machine A D 9 years 63,000 hours 6 years Residual Value $1.100 3,100 1,800 Depreciation Method Straight-line Units of production Double declining balance View transaction list Journal entry worksheet 1 Record the depreciation expense for year 1. Note: Enter debits before credits Transaction General Journal Debit Credit