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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 Machine B Machine C $125,000 $150,000 $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: $480,000 $489,000 $491,000 $500,000 $501,000 $510,000 $540,000 THE Company sold goods to a customer on account for $500. The credit terms were 9/20, n/50. The customer paid for one-half of the merchandise within the discount period and paid for the other one-half of the merchandise after the discount period. Calculate the total amount of cash paid by the customer to THE Company At January 1, 2025, THE Company had an allowance for bad debts with a $14,100 credit balance. During 2025, THE Company wrote-off $17,000 of accounts receivable as being uncollectible. At December 31, 2025, THE Company prepared the following aging schedule: Accounts Receivable % Uncollectible not past due $125,000 2% 1-30 days past due 88,000 7% 31-60 days past due 53,000 15% 61-90 days past due 61,000 20% over 90 days past due 29,000 40% The bad debt expense reported by THE Company for 2025 was equal to: $40,410 $26,310 0 $37,510 $43,310 $23,410 $31,100 Anna of the abovacbaca are correct
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