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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
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 Advantage, Inc. The machines immediately were overhauled, installed, and started operating. The machines were different; therefore, each had to be recorded separately in the accounts. Machine Machine Machine C A B 38.600 30,800 Amount paid for asset $ $ $22,500 Installation costs 600 2,600 1,200 Renovation costs prior to 3,000 1,500 1,800 use By the end of the first year, each machine had been operating 5,200 hours.
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