6. value: points 2.85 CP9-1 Computing Acquisition Cost and Recording Depreciation under Three Alternative Methods [LO 9-2, LO 9-3] At the beginning of the year, Young Company bought three used machines from Vince, Inc. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Machine A Machine B Machine C Amount paid for asset $8,300 $27,000 $10,700 700 Installation costs 300 600 1,400 2,900 1,900 Renovation costs prior to use 540 490 675 Repairs after production began By the end of the first year, each machine had been operating 7,000 hours. Required 1. Compute the cost of each machine. Cost of Machine Machine A Machine B Machine C