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(The following foes to the questions red below) At the beginning of the year Pummer's Sports Center bought three weten machines from Advintage, Inc. The
(The following foes to the questions red below) At the beginning of the year Pummer's Sports Center bought three weten machines from Advintage, Inc. The machines benedenly were overhoed nitted and started operating The matures were met therefore, each had to be recorded separately in the accounts Machine A Machine Amputador $ 11,000 $30,000 5 8.000 Instinct 500 1000 500 Renovation et portes 2,500 1000 1500 By the end of the first year, each machine has been operating 4.800 hours 3. 10.00 point Required 1. Compute the cost of each machine Tural Cost Machine Machine MC 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 feld) ESTIMATES Machine Residus Value Depreciation Method A 5 years $1,000 Straighine B 60,000 hours 2000 Units-of-production c 4 years 1,500 Double-declining balance View transactions Journal entry worksheet Record the depreciation expense for year 1 Noter Enter debts before credits Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal
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