Gengler Company acquired three pieces of equipment for $1,700,000.Equipment #1 is appraised at $470,000,equipment #2 is appraised at $630,000 and equipment #3 is appraised for $640,000.The cost of equipment #1 is: (Do not round any intermediary calculations,and round your final answer to the nearest dollar. )

Question

Quizplus · Accepted Answer

$470,000 + $630,000 + $640,000 = $1,740,000
($470,000 ÷ $1,740,000)× $1,700,000 = $459,195

Gengler Company Acquired Three Pieces of Equipment for $1,700,000