Riverwood Manufacturing bought three used machines in a $224,000 lump-sum purcha

Question

Riverwood Manufacturing bought three used machines in a $224,000 lump-sum purchase. An independent appraiser valued the machines as shown (Click on the icon to view the appraised values.) Requirement 1. What is each machine's individual cost? Immediately after making this purchase, Riverwood sold machine 3 for its appraised value. What is the result of the sale? (Round decimals to three places when calculating proportions, and use your computed percentages throughout.) Machine 1's cost is $ Machine 2's cost is$ Machine 3's cost is $ 1 Data Table Machine No. Appraised Value 81,650 123,050 25,300 The result of the sale is a of $ 2 3 PrintDone

Explanation / Answer

Machine no Appriased value % of total Cost 1 81650 35.500% 79520 2 123050 53.500% 119840 3 25300 11.000% 24640 Total 230000 224000 Machine 1's cost 79520 Machine 2's cost 119840 Machine 3's cost 24640 The result of the sale is a gain of $6000(230000-224000)

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