Wrecker Specialist Corporation purchased three new pieces of equipment at a total cost of $415,000.. 1 answer below »

 
   

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Wrecker Specialist Corporation purchased three new pieces of equipment at a total cost of $415,000. The appraised values of the individual pieces of equipment were as follows: Equipment 1 …… $162,750 Equipment 2 …… 116,250 Equipment 3 …… 186,000 What amounts should be recorded as the cost for each of the pieces of equipment in Wrecker Specialist’s accounts?