Business, 04.11.2019 16:31 Weaj01

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

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As part of the initial investment, ray blake contributes equipment that had originally cost $125,000...

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