What is the price of the truck and the machine, Cost Accounting

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What is the price of the truck and the machine

Response to the following problem:

On January 1, 2011, Galaxy Sun Industries acquired a new piece of machinery and a used truck from Acme Equipment Company. Galaxy Sun negotiated a price of $125,000 for both items. The fair market value of the equipment was $120,000, and the fair market value of the truck was $30,000, what is the price of the truck and the machine.

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Cost Accounting: What is the price of the truck and the machine

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Cost Accounting: What is the price of the truck and the machine

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