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THE Company made a lump sum purchase of three pieces of machinery. The fair market values of the machines on the purchase date were: Machine
THE Company made a lump sum purchase of three pieces of machinery. The fair market values of the machines on the purchase date were: Machine A ............ $125,000 Machine B ............ $150,000 Machine C ............ $225,000 Before the machines could be used, THE Company had to spend $9,000 to get Machine B in working condition. If the total capitalized cost assigned to Machine B was $153,000, then the total purchase price of the three machines was equal to:
Group of answer choices
$480,000
$489,000
$491,000
$500,000
$501,000
$510,000
$540,000
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