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5 On June 4, Lily Elle Company acquired four pieces of machinery for a lump sum purchase price of $693,750. The company then paid
5 On June 4, Lily Elle Company acquired four pieces of machinery for a lump sum purchase price of $693,750. The company then paid $30,450 to have the machines installed. Based on an outside appraisal, the individual values of the machines were: Machine 1 $234,300 Machine 2 319,500 Machine 3 426,000 Machine 4 85.200 Total $1,065,000 What is the recorded cost of Machine 3? $456,450 $433,613 $426,000 $289,680 $353,375
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