cristy9939 cristy9939

27-10-2022
Business

Answered

as part of the initial investment, ray blake contributes equipment that had originally cost $117,600 and on which accumulated depreciation of $88,200 has been recorded. if similar equipment would cost $144,500 to replace and the partners agree on a valuation of $38,000 for the contributed equipment, what amount should be debited to the equipment account? a.$38,000 b.$28,500 c.$144,500 d.$117,600

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