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What costs should be assigned to equipment

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Question - Company A made a lump sum purchase of three pieces of equipment for P2,000,000 from Nihon Company. At the time of acquisition, Company A paid P150,000 to determine the appraised value of the equipment. The appraisal disclosed the following values:

Equipment 1 1,500,000

Equipment 2 300,000

Equipment 3 1,200,000

Required - What costs should be assigned to equipment 1, 2 and 3, respectively?

Reference no: EM132831677

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