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Equipment with an estimated market value of $30,000 is offeredfor sale at $45,000. The equipment is acquired for $15,000 in cashand a note payable of

Equipment with an estimated market value of $30,000 is offeredfor sale at $45,000. The equipment is acquired for $15,000 in cashand a note payable of $20,000 due in 30 days. The amount used inthe b 1 answer

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