E$10\mathrm{.}16($LO $2,3)$ Groupwork $($Asset Acquisition$)$ Logan Industries purchased the following assets and constructed a building as well. All this was done during the current year.

Assets $1$ and $2$: These assets were purchased at a lump sum for $104,000$ cash. The following information was gathered.

$\backslash$table$[[$Description$,\backslash$table$[[$Initial Cost on$],[$Seller$\text{'}$s Books$]],\backslash$table$[[$Depreciation to$],[$Date on Seller's$],[$Books$]],\backslash$table$[[$Book Value on$],[$Seller$\text{'}$s Books$]],$Appraised Value$],[$Machinery$,100,000,50,000,50,000,90,000$