Nutgum Company made a package purchase of three pieces of machinery for $48,000. The fair market values of the machinery were determined to be as follows:
What cost should Nutgum record for Machine C?
A) $12,000
B) $33,600
C) $19,200
D) $16,800

Question

Nutgum Company made a package purchase of three pieces of machinery for $48,000. The fair market values of the machinery were determined to be as follows:
 What cost should Nutgum record for Machine C?
A) $12,000 
B) $33,600 
C) $19,200 
D) $16,800

Quizplus · Accepted Answer

11ee7640_e1c9_d7f5_90da_cf2f73c64ba5_TBCB1007_00

Nutgum Company Made a Package Purchase of Three Pieces of Machinery