Required 1 and required 2

1 At the beginning of the year. Grillo Industries bought three used machines from Freeman incorporated. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts Machine 59,00 Cost of the tot Installation costs Itanovation costs prior to use Repairs after production Machine $38,200 2,100 1,700 so Machine 522,00 1.200 2,200 7 60 int By the end of the first year, each machine had been operating 8,000 hours. Required: 1. Compute the cost of each machine 2. Prepare the journal entry to record depreciation expense at the end of year 1, assuming the following: LI 4 years 10,00 hours 10 years Residad Depreciation Method 11,000 Straight 110 4,500 units of production 1,400 Double declining balance Complete this question by entering your answers in the tabs below. Required: Required 2 Compute the cost of each machine. cost of Machine Machine Machine Machine Required 2 > 10 years 1.100 Double-declinin balance Book Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 References Prepare the journal entry to record depreciation expense at the end of year 1, assuming the following: (if no entry required for transaction event select "No Journal Entry Required in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet 1 Record the depreciation expense for the three weed machines at the end of Year 1 Norter debit before credits Oeneral Journal Debut Cred Transaction 1 Record entry Clear entry View general journal