Business, 01.10.2019 23:10 mathman783
As part of the initial investment, ray blake contributes equipment that had originally cost $125,000 and on which accumulated depreciation of $100,000 has been recorded. if similar equipment would cost $150,000 to replace and the partners agree on a valuation of $29,000 for the contributed equipment, what amount should be debited to the equipment account? a. $125,000b. $150,000c. $29,000d. $100,00
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As part of the initial investment, ray blake contributes equipment that had originally cost $125,000...
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