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Hamdhi and Yusuf formed a partnership on January 1, 2020. Hamdhi and Yusuf each invested $20,000 cash, plus Hamdhi contributed machinery with a value of

Hamdhi and Yusuf formed a partnership on January 1, 2020. Hamdhi and Yusuf each invested $20,000 cash, plus Hamdhi contributed machinery with a value of $9,000, account receivable valued at $4,500 and a note payable of $5,000. Yusuf brought a vehicle worth $10,000 and equipment $2,000.



What is the value of the initial investment by Hamdhi?

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