ezto.mheducat esults Yahoo Sea.. 2017FS ACCTCY 2036 Prestigiacomo 5.00 points At

Question

ezto.mheducat esults Yahoo Sea.. 2017FS ACCTCY 2036 Prestigiacomo 5.00 points At the beginning of the year, Young Company bought three used machines from Vince, Inc. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Amount paid for asset Installation costs Renovation costs prior to use Repairs after production began $7,850 $26,100 $9,800 750 1,4501,750 450 2,000 450 850 400 By the end of the first year, each machine had been operating 6,000 hours. Required: Compute the cost of each machine. Cost of Machine Machine A Machine B Machine C e the journal entry to record depreciation expense at the end of year 1, assuming the required for a tra vent, select "No round intermediate calculations. If no entry is Entry Required" in the first account field.)

Explanation / Answer

a) Cost of machine :

Record depreciation expenses :

Machine A Machine B Machine C Amount to asset 7850 26100 9800 Installation cost 450 850 750 Renovation cost prior to use 2000 1450 1750 Total cost of machine 10300 28400 12300

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