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As part of the initial investment, a partner contributes eduipment that had originally cost $110.000 and on which accumulated clepreciation of $85.000 has been recorded.
As part of the initial investment, a partner contributes eduipment that had originally cost $110.000 and on which accumulated clepreciation of $85.000 has been recorded. If similar equipment would cost $140,000 to replace cird the pointners agree on a valucition of 545,000 for the contributed equipment what amount should be debited to the equipment account
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