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CITE HofeWork Question 3 of 20 < -/1 1 Current Attempt in progress Concord invests personally owned equipment, which originally cost $214900 and has
CITE HofeWork Question 3 of 20 < -/1 1 Current Attempt in progress Concord invests personally owned equipment, which originally cost $214900 and has accumulated depreciation of $60800 in the partnership to record Concord's investment should be Concord and Eggers partnership. Both partners agree that the fair value of the equipment was $120200. The entry made by the Equipment 214900 60000 154100 Accumulated Depreciation-Equipment Concord, Capital Equipment 154100 Concord, Capital 154100 Equipment 120200 D D
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