Carter Company acquired three machines for $200,000 in a package deal. The three assets together had a book value of $160,000 on the seller\\\'s books. An appraisal costing the purchaser $2,000 indicated that the three machines had the following market values (book values are given in parentheses):

Machine 1: $60,000   ($40,000)

Machine 2: $80,000   ($50,000)

Machine 3: $100,000 ($70,000)

The three assets should be individually recorded at a cost of (rounded to the nearest dollar)

1. Machine 1           Machine 2            Machine 3

  $40,000              $53,333               $66,667     

2. Machine 1         Machine 2          Machine 3

   $50,000            $62,500             $87,500

3. Machine 1         Machine 2         Machine 3

  $40,000            $50,000            $70,000

4. Machine 1         Machine 2        Machine 3

   $50,500            $67,333           $84,167

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Given Carter Company acquired three machines for 2000... View the full answer