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X Ltd. acquired land, building and equipment for $ 155000. An appraisal valued the land at $ 90000, the building at $ 87000 and the
X Ltd. acquired land, building and equipment for $ 155000. An appraisal valued the land at $ 90000, the building at $ 87000 and the equipment at 80000. After the purchase and the appraisal, the equipment was upgraded at a cost of $ 23000. The upgrade allowed the machine to produce more output and to last longer. How much will the equipment be recorded at? Round your answer to the nearest dollar.
X Ltd. acquired land, building and equipment for $ 155000. An appraisal valued the land at $ 90000, the building at $ 87000 and the equipment at 80000. After the purchase and the appraisal, the equipment was upgraded at a cost of $ 23000. The upgrade allowed the machine to produce more output and to last longer.
How much will the equipment be recorded at? Round your answer to the nearest dollar.
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
