Question

Eastwood Manufacturing bought three used machines in a $217,000 lump-sum purchase. An independent appraiser valued the machines as shown: (Click on the icon to view the appraised values.) Read the feguirement. What is each machine's individual cost? (Round decimals to threo plocos when colculating proportions, and use your computed percentages in all calculations.) Machine 1 's cost is Data table portions, and use your computed Requirement 1. What is each machine's individual cost? Immediately after making this purchase, Eastwood sold Machine No. 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 in all calculations.)

Answer 1

To find the individual cost of each machine, set up an equation using the total cost of the machines as $217,000. Without knowing the individual costs, we cannot determine the result of selling Machine No. 3.

Step-by-step explanation:

To find the individual cost of each machine, we can use the given information about the total cost. Eastwood Manufacturing bought three used machines in a lump-sum purchase of $217,000.

Let's assume Machine 1, Machine 2, and Machine 3 have costs x, y, and z respectively.

Since the total cost of the machines is $217,000, we can set up an equation: x + y + z = 217,000.

We don't have enough information to solve this equation, as we don't know the individual costs of the machines. Therefore, we cannot determine the result of selling Machine No. 3 for its appraised value.