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 answer-question

Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Posted Date: Feb 27, 2024 03:14 AM

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Gumdrop Company made a package purchase of three pieces of machinery for $48,000. The fair market values

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Intermediate Accounting

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