P8-3 Computing the Acquisition Cost and Recording Depreciation under Three Alternative Methods LO8-2, 8-3 The following Information applies to the questions displayed below At the beginning of the year, Plummers 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. MachineA Machine B Machine C Amount paid for asset Installation costs Renovation costs prior to use $ 15,400 S 35,500 $15,550 1,600 800 4,300 2,600 2,600 3,500 By the end of the first year, each machine had been operating 6,700 hours