16. If equipment was purchased for $85,000 at the beginning of the year when the Consumer Price...
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16. If equipment was purchased for $85,000 at the beginning of the year when the Consumer Price Index (CPI) was 160, how would the equipment be recorded on a constant dollar end-of-year balance sheet if the year-end CPI was 180?
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Related Book For 
Intermediate Accounting
ISBN: 9780324013078
14th Edition
Authors: Fred Skousen, James Stice, Earl Kay Stice
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