Required Information PA9-1 (Algo) Computing Acquisition Cost and Recording Depreciation under Three Alternative Methods [LO 9-2, LO 9-3) The following information applies to the questions displayed below) At the beginning of the year, Cruz & Turner Corporation bought three used machines. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts, Details for Machine A are provided below. cost of the asset Installation conta Renovation costs prior to use Repairs after production began $10,700 970 1,110 850 PA9-1 (Algo) Part 7 7. Prepare the Journal entry to record year 2 double-declining balance depreciation expense for Machine C, which has a cost of $27100, an estimated life of 10 years, and $1,400 residual value. (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction lit Tournal entry workcheot PA9-1 (Algo) Part 7 7. Prepare the journal entry to record year 2 double-declining balance depreciation expense for Machine C, which has a cost of $27100, an estimated life of 10 years, and $1,400 residual value. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet