At the beginning of the year, Plummer’s Sports Center bought three used fitness machines from Advantage, Inc. 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
Amount paid for asset $11,000 $30,000 $8,000
Installation costs 500 1,000 500
Renovation costs prior to use 2,500 1,000 1,500

By the end of the first year, each machine had been operating 4,800 hours.
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.)

Estimates:
Machine Life Residual Value Depreciation Method
A 8 years $1,800 Straight-line
B 69,000 hours 3,000 Units-of-production
C 7 years 1,700 Double-declining-balance