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Emma Grace Acquires Three Machines for $80,000,which Have FMVs of $32,000,$28,000,and

Question 129

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Emma Grace acquires three machines for $80,000,which have FMVs of $32,000,$28,000,and $20,000 respectively.The delivery cost is $500,and installation costs amount to $2,500.What is the basis of each machine?

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First allocate common costs:
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