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Betty invests equipment with a cost of $100,000 and accumulated depreciation of $30,000 in a new partnership. The current value of the equipment is $105,000.
Betty invests equipment with a cost of $100,000 and accumulated depreciation of $30,000 in a new partnership. The current value of the equipment is $105,000. The replacement value of the equipment is $135,000. At what amount would the equipment be recorded in Betty's capital account? 1. (I point) S105,000 $ 1 00,000 $ 135,000 $70,000
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