Raco IncPurchased Two Used Machines Together to Get a Lower Total

Essay

Raco Inc.purchased two used machines together to get a lower total cash price of $90,000.The machines were different,although of the same general type.They were designated as Machines A and B.New machines of the same type could be purchased as follows: Machine A,$25,000; Machine B,$75,000.Complete the following entry to record the purchase and show your computations.