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Required information P8-3 (Static) 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. By the end of the first year, each machine had been operating 4,800 hours. P8-3 Part 2 2. Prepare the entry to record depreciation expense at the end of Year 1 , assuming the following. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)