Cookie, Corp. needed to update their baking equipment such t…
Cookie, Corp. needed to update their baking equipment such that they made a lump-sum purchase from Stella’s Bakery for the following three items. Cookie, Corp. paid $7,000 for all three items. Book value on Stella’s Bakery Balance Sheet Appraised (fair) value Oven 7,500 5,060 Mixer 2,300 1,380 Dishwasher 3,300 2,760 At what value would Cookie, Corp. capitalize the dishwasher on their balance sheet?