Question

Greenview Manufacturing bought three used machines in a $175,000 lump-sum purchase. An independent appraiser valued the machines as shown:
Machine No. Aapraised Value
1 .......... $68,000
2 .......... $54,000
3 .......... $88,000
What is each machine’s individual cost? Immediately after making this purchase, Greenview 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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