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32. Equipment with a cost of $100,000 and accumulated depreciation of $28,000 is contributed to a new partnership by Whitner. The current market value of

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32. Equipment with a cost of $100,000 and accumulated depreciation of $28,000 is contributed to a new partnership by Whitner. The current market value of the equipment is $98.000. The equipment would be recorded on the partnership books at: a $100.000 c. $98,000 b. $72,000 d. $125,000

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