P8-3 Computing the Acquisition cost and Recording Depreciation under Three Alternative Methods L08-2, 8-3 At the beginning of the year, Plummer's Sports Center bought three used fitness machines from Advantage, Inc. The machines immediately overhauled, installed, and started operating. The machines were different; therefore, each had to were be recorded separately in th e accounts Machine A Machine B Machine C Amount paid for a 11,000 30,000 8,000 Installation costs 500 1,000 500 Renovation costs prior to use 2,500 1,000 1,500 By the end of the first year, each machine had been operating 4,800 hours Required: 1 Compute the cost of each machine Total Cost Machine A Machine B Machine C