Reference no: EM132019877
Question - During year 1, the Commander Corporation acquired 3 pieces of machinery at an auction for a lump sum price of $240,000.
In addition, Commander paid $12,000 to have the machines installed. An appraisal disclosed the following values:
Machine A - $50,000
Machine B - $150,000
Machine C - $100,000
What costs should be assigned to Machines A, B, and C, respectively?
$40,000, $120,000, and $80,000
$50,000, $150,000, and $100,000
$84,000, $84,000, and $84,000
$42,000, $126,000, and $84,000
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