M Question 4 - Homework #7-Ch x Dashboard X + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flearn.dcollege.net%252Fwebapps%252... Q ( * I c Update : Homework #7-Chapter 8 i Saved Help Save & Exit Submit Check my work 4 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 to be recorded separately in the accounts. Part 2 of 2 Machine A Machine B Machine C Invoice price paid for asset $19 , 000 $33, 100 $14, 100 Shipping costs (paid by Plummer) 2, 30 2, 700 90 3.75 Renovation costs prior to use 2, 700 2, 900 1, 800 points By the end of the first year, each machine had been operating 6,100 hours. Book 2. Prepare the entry to record depreciation expense at the end of Year 1, assuming the following. Note: Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Print ESTIMATES Machine Life Residual Value Depreciation Method 5 years $1, 500 Straight-line to References 70,000 hours 3, 70 Units-of-production 6 years 3, 200 Double-declining- balance View transaction list Journal entry worksheet