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.
Definitions:
Aircraft Products Division
A specialized business segment within a company focused on the development, manufacturing, and selling of aircraft-related products.
Home Security Division
A specialized segment within a company that focuses on products and services related to securing homes from intruders, fire, and other dangers.
Transfer Price
The cost at which products or services are exchanged between divisions within the same organization or among affiliated companies.
Transmission Division
A segment within a company or industry that specializes in the development, production, and maintenance of transmission systems.
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