XY purchased a plant, including land, buildings, and machinery, for $50,000. These items were carried on the books of the seller as follows: land, $15,000; building, $40,000, and machinery, $20,000. Immediately after the purchase, XY employed a reliable firm to appraise the assets with the following results: land, $12,000; building, $15,000, and machinery, $33,000.
At what amount should each separate asset be recorded on the books of XY?
Land, $__________________ Building, $_____________ Machinery, $__________________.

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The Answer of XY purchased a plant, including land, buildings, and machinery, for $50,000. These items were carried on the books of the seller as follows: land, $15,000; building, $40,000, and machinery, $20,000. Immediately after the purchase, XY employed a reliable firm to appraise the assets with the following results: land, $12,000; building, $15,000, and machinery, $33,000.
At what amount should each separate asset be recorded on the books of XY?
Land, $__________________ Building, $_____________ Machinery, $__________________.

XY Purchased a Plant, Including Land, Buildings, and Machinery, for $50,000