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As a part of the initial investment a partner contributes office equipment that had a cost of 20,000 and accumulated depreciation of 12,500. If the

As a part of the initial investment a partner contributes office equipment that had a cost of 20,000 and accumulated depreciation of 12,500. If the partners agree on a valuation of 9,000 for the equipment, what amount should be debited to the office equipment account?

A) 7,500

B) 9,000

C) 12,500

D) 20,000

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