Gumdrop Company made a package purchase of three pieces of machinery for $48,000. The fair market values
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Gumdrop Company made a package purchase of three pieces of machinery for $48,000. The fair market values of the machinery were determined to be as follows:
Machine A | $24,000 |
Machine B | 38,400 |
Machine C | 33,600 |
What cost should Gumdrop record for Machine C?
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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