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Posted on Sep 17, 2024

An asset that is currently selling for $ 1 2 5 , 0 0 0 is acquired by a firm for $ 7 5 ,

An asset that is currently selling for $

125, 000

is acquired by a firm for $

75, 000

and one year later is worth $

115, 000 .

The asset value recorded on the book when it was acquired is

__________,

and its current market value is

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