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 $8,350 $27,100 $10,800 650 350 750 Installation costs Renovation costs prior to use 3,000 1,450 2,050 Repairs after production began 550 500 700 By the end of the first year, each machine had been operating 3,000 hours Required: 1. Compute the cost of each machine Cost of Machine Machine A Machine B Machine C
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