Osborne company acquired three machines for $200,000 in a package deal. The three assets together...
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Osborne company acquired three machines for $200,000 in a package deal. The three assets together had a book value of $160,000 on the sellers books. An appraisal costing the purchaser $2,000 indicates that the three machines had the following market value (book values are given in parentheses) Machine 1. Machine 2. Machine 3 A). $40,000. $53,333. $66,667 B). $50,000. $62,500. $87,500 C). $40,000. $50,000. $70,000 D). $50,500. $67,333. $84,167
Osborne company acquired three machines for $200,000 in a package deal. The three assets together had a book value of $160,000 on the sellers books. An appraisal costing the purchaser $2,000 indicates that the three machines had the following market value (book values are given in parentheses)
Machine 1. Machine 2. Machine 3
A). $40,000. $53,333. $66,667
B). $50,000. $62,500. $87,500
C). $40,000. $50,000. $70,000
D). $50,500. $67,333. $84,167
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