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Carter and Jones form a partnership, CJ Enterprises. Carter contributes cash of $ 9 , 0 0 0 $ 8 , 0 0 0 and
Carter and Jones form a partnership, CJ Enterprises. Carter contributes cash of $ $ and computer equipment with an original cost of $ and accumulated depreciation of $ The current market value of the computer equipment is $
Jones contributes cash of $ and inventory that she recently purchased for $ In addition, the partnership assumes Jones's accounts payable for $
The computer equipment should be recorded on CJ Enterprises books at
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