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Gengler Company acquired three pieces of equipment for $1,700,000. Equipment #1 is appraised at $470,000, equipment #2 is appraised at $630,000 and equipment #3 is
Gengler Company acquired three pieces of equipment for $1,700,000. Equipment #1 is appraised at $470,000, equipment #2 is appraised at $630,000 and equipment #3 is appraised for $640,000. The cost to record on the balance sheet of equipment #1 is: (Do not round any intermediary calculations, and round your final answer to the nearest dollar.)
$459,195
$478,294
$470,000
Impossible to determine given the information provided
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