This question is really confusing to me. I need some help please.

At the beginning of the year, Grillo Industries bought three used machines from Freeman Incorporated. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. ine Cost of the asset Installation costs Renovation costs prior to use Repairs after production began 10,400 $39,600 $23,480 3,500 2,600 3,600 1,0082,10 1,000 800 700 3, 100 By the end of the first year, each machine had been operating 8,000 hours Required: 1. Compute the cost of each machine. 2. Prepare the journal entry to record depreciation expense at the end of year 1, assuming the following Estimates Life Residual Value Depreciation Method Machine 2,400 Straight-line 2,000 Units-of-production 1,900 Double-declining-balance years B 20,000 hours 10 years plete this question by entering your answers in the tabs below