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What cost should be assigned to machine a

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Reference no: EM132826238

The Vanz Company made a lump sum purchase of three pieces of machinery for P1,150,000 from an unaffiliated company. At the time of acquisition, Vanz paid P50000 to determine the appraisal value of the machinery.

The appraisal disclosed the following values:

Machine A P700000

Machine B P420000

Machine C P280000

Problem 1: What cost should be assigned to machine A?

Option 1: P700000

Option 2: P600000

Option 3: P575000

Option 4: P550000

Reference no: EM132826238

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