Question: Wrecker Specialist Corporation purchased three new pieces of equipment at

Wrecker Specialist Corporation purchased three new pieces of equipment at a total cost of $415,000. The appraised values of the individual pieces of equipment were as follows:
Equipment 1 ...... $162,750
Equipment 2 ...... 116,250
Equipment 3 ...... 186,000
What amounts should be recorded as the cost for each of the pieces of equipment in Wrecker Specialist’s accounts?


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  • CreatedSeptember 01, 2014
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