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Assume Southwood Manufacturing bought three machines in a $85,500 lump-sum purchase. An independent appraiser valued the machines as follows: (Click the icon to view the
Assume Southwood Manufacturing bought three machines in a $85,500 lump-sum purchase. An independent appraiser valued the machines as follows: (Click the icon to view the valuation.) appraised value. What is the result of the sale? Prepare the journal entry to record the sale. answers to the nearest whole dollar.) Machine 1's cost is $ Machine 2 s cost is $ Machine 3's cost is \$ Immediately after making this purchase, Southwood sold machine 2 for its appraised value. What is the result of the sale? (Round your answer to nearest dollar.)
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