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. Invoice price paid for asset Installation costs Renovation costs prior to use Machine A Machine B Machine C $ 28,900 1,900 3,100 $ 34,400 2,200 1,800 $ 20,700 700 2,400 By the end of the first year, each machine had been operating 6,500 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 Residual Machine Life Value A 9 years $1,500 Straight-line B 71,000 hours 2,900 C 7 years 2,100 Depreciation Method Units-of-production Double-declining-balance 1 No Answer is not complete. Transaction General Journal 1 Depreciation expense Accumulated depreciation Debit Credit