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. ing. Machine A Machine B Machine C 14,800 37,200 $ Amount paid for asset Installation costs Renovation costs prior to use $14,800 $37,200 16.400 2,700 2,800 1,800 4,500 ,100 2,300 By the end of the first year, each machine had been operating 5,700 hours. value: Required informatlon 1.42 points Required 1. Compute the cost of each machine. Total Cost Machine A Machine B Machine O 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 5 years 6 years Machine Life Residual Value Depreciation Method $1,100 Straight-line 79,000 hours 3,200 Units-of-production 3,100 Double-declining-balance View transaction list Journal entry worksheet Record the depreciation expense for year 1 Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal