Seeder Inc

Multiple Choice

Seeder Inc. made a lump-sum purchase of three pieces of machinery for $120,000 from an unaffiliated company. At the time of acquisition, Seeder paid $4,000 to determine the appraised value of the machinery. The appraisal disclosed the following values: Machine A $60,000
Machine B $36,000
Machine C $24,000
What cost should be assigned to Machines A, B, and C, respectively?

A) A: $60,000; B: $36,000; C: $24,000
B) A: $62,000; B: $37,200; C: $24,800
C) A: $64,000; B: $33,600; C: $22,400
D) A: $41,333; B: $41,333; C: $41,333