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At the beginning of the year, Oakmont Company bought three used machines from American Manufacturing....

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Accounting

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At the beginning of the year, Oakmont Company bought three used machines from American Manufacturing. Inc. The machines immedistely were overhauled, were instaled, and starled operating. Because the machines were different, each was recorded separately in the accounts. Machine A Machine BMachine C Amount peid for asset Installation costs Renovation costs prior to use Repairs after production began $20,000 11,400 $11,100 500 900 720 2,200780 950 750 600 400 By the end of the first year, each machine had been operating 4,000 hours Required: 1. Compute the cost of each machine Cost of Machine $ 22,600 Machine A Machine B Machine C 12.400 $12,500

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