As part of the initial investment, Ray Blake contributes equipment that had originally cost $112,300 and on which accumulated depreciation of $84,225 has been recorded. If similar equipment would cost $165,800 to replace and the partners agree on a valuation of $53,400 for the contributed equipment, what amount should be debited to the equipment account

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.