As part of the initial investment Ray Blake Contributes Equipment that had Originally cost $112,000 and which
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As part of the initial investment Ray Blake Contributes Equipment that had Originally cost $112,000 and which Accumulated depreciation of $84,150 has been recorded. If similar equipment would cost $162,900 to replace and the partners agree on a valuation of 540,400 for the contributed equipment, what amount should be debited to the equipment account?
Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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