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Assume Deartwood Manufacturing bought three machines in a $90,000 lump-sum purchase. An independent appraser valued the machines as folows: (Click the icon to view the
Assume Deartwood Manufacturing bought three machines in a $90,000 lump-sum purchase. An independent appraser valued the machines as folows: (Click the icon to view the valuation.) Destwood paid one-third in cash and signed a note payable for the remainder. What is each machino's individual cost? Immediatoly after making this purchase, Deacwood told mechine 2 for its appraised value. What is the result of the sale? Prepare the joumal entry to record the saide. Deadwood paid one-third in cash and signed a note payable for the remainder. What is each machine's individual cost? (Riound the proportions to thrse decimal places. Round your final cosis anewers to the nearest wholo dollar: Machine is cost is 5 Machine 2/8 cost is $ Machine 3 's cont is $ immediatibly atler making this purchisse, Deadwood sold machine 2 for its appraised value. What is the rosul of the sole? (Round your answer to neareat dollar.) The resuit of the salo is a of 5 Prepore the journal entry to record the saie. (Record debils first, then credits. Explanations are not required.) facturing bought three machines in a $90,000 lump-sum purchase. An independent apprai lew the valuation.) in cash and signed a note payable for the remainder. What is each machine's individual co the result of the sale? Prepare the journal entry to record the sale. 1 in cash and : whole dollar. Valuation g this purchas y to record the
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