Requlred Informatlon

P$8-3($Algo$)$ Computing the Acquisition Cost and Recording Depreclation under Three Alternatlve

Methods LO$8-2,8-3$

$[$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 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.

By the end of the first year, each machine had been operating $4,900$ hours.

P$8-3$ Part $2$

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

Note: Do not round Intermedlate calculations. If no entry ls requlred for a transactlon$/$event$,$ select $"$No journal entry requlred" In

the flrst account fleld.

Journal entry worksheet

$1$

Record the depreciation expense for year $1.$

Note: Enter debits before credits.