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What cost should be assigned to Machines

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Problem - Hickory Company made a lump-sum purchase of three pieces of machinery for $130,000 from an unaffiliated company. At the time of acquisition,

Hickory paid $5,000 to determine the appraised value of the machinery. The appraisal disclosed the following values:

Machine A $70,000

Machine B $42,000

Machine C $28,000

Required - What cost should be assigned to Machines A, B, and C, respectively?

Reference no: EM132885243

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