Required Information

P$8\mathrm{.}3($Algo$)$ Computing the Acquisition Cost and Recording Depreciation under Three Alternative

Methods L$08*2,8\mathrm{.}3$

$[$The following information applies to the questions displayed below.$]$

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 Callfornla. The machines Immedlately were

overhauled and started operating. The machines were different; therefore, each had to be recorded separately in the

accounts.

By the end of the first year, each machine had been operating $5,200$ hours.

P$8-3$ Part $2$

Prepare the entry to record depreclation expense at the end of Year $1,$ assuming the following.

Note: Do not round Intermedlate calculatlons. If no entry Is required for a transaction$/$event$,$ select $"$No Journal entry requlred" In

the first account fleld.