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Question 1 (4 points) On February 3, 2021 Royal Company made a lump sum purchase of two machines at a to cost of $328,500.
Question 1 (4 points) On February 3, 2021 Royal Company made a lump sum purchase of two machines at a to cost of $328,500. Additional information is as follows: Machine 1- appraised value of $160,000 Machine 2 - appraised value of $200,000 REQUIRED: 1. Calculate the initial cost of each machine Put answer for Machine 1 in Box 1 Put answer for Machine 2 in Box 2 NOTE: Round to two decimal places - .25 or 25% P:/
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