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A company pays $30,000 for two machines. Machine A is appraised at a fair market value of $24,000 and Machine B at a fair market
A company pays $30,000 for two machines. Machine A is appraised at a fair market value of $24,000 and Machine B at a fair market value of $8,000. The cost of Machine B is recorded for book purposes at ... a. $7, 500 b. $8,000 c. $24,000 d. $30,000
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