Prepare the entry to record depreciation expense at the end

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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.

                                                          Machine A              Machine B            Machine C

Invoice price paid for asset               $32,700            $36,700                 $21,150

Installation costs                                1,100                2,900                 1,500

Renovation costs prior to use                    2,800               1,700               2,100

By the end of the first year, each machine had been operating 6,300 hours.

Problem 1: Prepare the entry to record depreciation expense at the end of Year 1

Reference no: EM132757954

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