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Assume Trois Cuisines Manufacturing bought three machines in a $100000 lump-sum purchase An independent appraiser valued the machines as follows Machine No Appraised Value

Assume Trois Cuisines Manufacturing bought three machines in a $100,000 lump-sum purchase. An independent appraiser valued the machines as follows: Machine No. Appraised Value 1.................................... $27,000 2.................................... 45,000 3.................................... 36,000 Trois Cuisines paid one-third in cash and signed a note payable for the remainder. What is each machine s individual cost? Immediately after making this purchase, Trois Cuisines sold machine 2 for its appraised value. What is the result of the sale? Round to three decimal places.

May 21 2020 View more View Less

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