Computing the Acquisition Cost and Recording Depreciation under Three Alternative Methods $(AP8-3)At$ the beginning $of$ the year, Plummer's Sports Center bought three used fitness machines from Primo Fitness, $an$ established supplier $of$ used, new and refurbished gym equipment $in$ Southern California. The machines immediately were overhauled and started operating. The machines were different; therefore, each had $tobe$ recorded separately $in$ the accounts. $By$ the end $of$ the first year, each machine had been operating $4,800$ hours. Required: $1.$ Compute the cost $of$ each machine. $2.$ Give the entry $to$ record depreciation expense $at$ the end $of$ Year $1,$ assuming the following: