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Question Content Area Equipment with an estimated market value of $ 3 0 , 0 0 0 is offered for sale at $ 4 5

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Equipment with an estimated market value of $30,000 is offered for sale at $45,000. The equipment is acquired for $15,000 in cash and a note payable of $20,000 due in 30 days. The amount used in the buyer's accounting records to record this acquisition is
a. $45,000
b. $30,000
c. $15,000
d. $35,000

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