During 2014, Garnet Corporation purchased three pieces of equipment at an auction for the lump sum of $200,000. It cost Garnet $20,000 to have the equipment delivered and installed. The equipment was appraised at the following values:
Machine 2 should be recorded on Garnet's books at

Question

During 2014, Garnet Corporation purchased three pieces of equipment at an auction for the lump sum of $200,000. It cost Garnet $20,000 to have the equipment delivered and installed. The equipment was appraised at the following values: 
 Machine 2 should be recorded on Garnet's books at

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The Answer of During 2014, Garnet Corporation purchased three pieces of equipment at an auction for the lump sum of $200,000. It cost Garnet $20,000 to have the equipment delivered and installed. The equipment was appraised at the following values: 
 Machine 2 should be recorded on Garnet's books at

During 2014, Garnet Corporation Purchased Three Pieces of Equipment at an Auction