Business, 25.02.2020 23:12 mdaniella522

Fesco Jewelers Ltd. purchased store fixtures, display cases, and a maximum-security commercial safe for a lump-sum price of $32,000 from a bankrupt competitor. Appraised values were as follows: store fixtures, $18,000; display cases, $27,000; commercial safe, $15,000.
What cost should be recorded for the commercial safe?

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