Hickory Co made a lump sum purchase of three pieces of machinery for $65,000. At the time of acquisition, Hickory paid $2,500 for an appraisal to determine the appraised value of the machinery. (These costs were necessary to complete the purchase.). The appraisal disclosed the following values: Machine A. $35,000 Machine B. $21,000 Machine C. $14,000 What costs should Hickory assign to Machines A, B and C, respectively? $31,250 (A), $18,750 (B) and $12,500 (C) $35,000 (A), $21,000 (B) and $14,000 (C) $33,750 (A), $20,250 (B) and $13,500 (C) $32,500 (A), $19,500 (B) and $13,000 (C) QUESTION 13 Identify how the following item should be recognized: Legal costs incurred for an outside counsel to register a patent, which was purchased. Goodwill Expensed Intangible asset with a finite life