Eastwood Manufacturing bought three used machines in a $209,000 lump-sum purchase. An independent appraiser valued the machines

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Eastwood Manufacturing bought three used machines in a $209,000 lump-sum purchase. An independent appraiser valued the machines as shown:
Machine No. Appraised Value
1 .................................. $ 73,100
2 .................................. 120,400
3 .................................. 21,500
What is each machine's individual cost? Immediately after making this purchase, Eastwood sold machine 3 for its appraised value. What is the result of the sale? (Round decimals to three places when calculating proportions, and use your computed percentages throughout.)
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Financial Accounting

ISBN: 978-0134127620

11th edition

Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz

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