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Select the best answer for each of the following. Hickory Company made a lump-sum purchase of 3 pieces of machinery for $115,000 from an unaf-

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Select the best answer for each of the following. Hickory Company made a lump-sum purchase of 3 pieces of machinery for $115,000 from an unaf- filiated company. At the time of acquisition, Hick- ory paid $5,000 to determine the appraised value of the machinery. The appraisal disclosed the fol- lowing values Machine A MachineB Machine C M10-1 LO2 $70,000 $42,000 $28,000 What cost should be assigned to Machines A, B, and C, respectively? $40,000 $40,000 $40,000 b. $57,500$34,500 $23,000 $60,000 $36,000 $24,000 d. $70,000 $42,000 $28,000

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