E7-16A. (Learning Objectives 1, 2: Allocating costs to assets acquired in a lump-sum purchase; disposing of a PPE) Goodwood Manufacturing bought three used machines in a $154,000 lump-sum purchase. An independent appraiser valued the machines as shown in the table.

What is each machine’s individual cost? Immediately after making this purchase, Goodwood sold machine 2 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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Machine No. 1 23 Appraised Value $38,250 73,100 58,650