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Pierre Scanlon, a sole proprietor, entered into partnership with another individual. Scanlon's investment in the partnership included equipment that was purchased for $ 5 8
Pierre Scanlon, a sole proprietor, entered into partnership with another individual. Scanlon's investment in the partnership included equipment that was purchased for $ The equipment has a book value of $ and a net agreedon value of $ In the financial records of the partnership, this equipment and its accumulated depreciation should be recorded at:
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