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Business, 17.03.2020 04:18 ineedhelp2285

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. $100,000

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