The Hickory Company made a lump sum purchase of three pieces of machinery for $115,000 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 C $28,000
Machine B $42,000
What cost should be assigned to machines A, B, and C, respectively?
|
A |
B |
C |
|
|
$40,000 |
$40,000 |
$40,000 |
|
|
$57,500 |
$34,500 |
$23,000 |
|
|
$60,000 |
$36,000 |
$24,000 |
|
|
$70,000 |
$42,000 |
$28,000 |