Question: DuBoise Manufacturing bought three used machines in a 164 000 lump sum purchase

DuBoise Manufacturing bought three used machines in a $164,000 lump-sum purchase. An independent appraiser valued the machines as shown in the table.
Machine No. Appraised Value
1 .............. $ 62,000
2 .............. 48,000
3 .............. 92,000
What is each machine’s individual cost? Immediately after making this purchase, DuBoise sold machine 3 for its appraised value. What is the result of the sale? (Round decimals to three places when calculating proportions, and use your computed percentages throughout.)


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  • CreatedJuly 25, 2014
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