Question

David Finn notices that the local appliance store is now charging $210 for the same model of refrigerator his company bought for $200. Given that Finns’ Fridges purchased 25 of these refrigerators, what should the company’s balance sheet show as the value of property and equipment?
Twin brothers David and Douglas Finn started a small business from their college dormitory room. Finns’ Fridges purchased several small refrigerators to rent to other students for use in their rooms. At the end of their first year of operations, the brothers’ records showed the informationbelow.


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  • CreatedFebruary 25, 2015
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