Required information P8-3 (Algo) 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, Plummer's Sports Center bought three used fitness machines from Brunswick Corporation. The machines immediately were overhauled, installed, and started operating. The machines were different; therefore, each had to be recorded separately in the accounts. Invoice price paid for asset Installation costs Renovation costs prior to use Machine Machine Machine B A C $38,500 $37,400 $13,400 1,300 1,200 1,400 3,100 2,500 3,200 By the end of the first year, each machine had been operating 6,100 hours. P8-3 Part 1 Required: 1. Compute the cost of each machine. Machine A Total Cost Machine B Machine C