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As part of the initial investment, Ray Blake contributes equipment that had originally cost $81,100...

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Accounting

As part of the initial investment, Ray Blake contributes equipment that had originally cost $81,100 and on which accumulated depreciation of $60,825 has been recorded. If similar equipment would cost $149,600 to replace and the partners agree on a valuation of $36,600 for the contributed equipment, what amount should be debited to the equipment account? Ca. 581.100 Ob. $27,450 Oc. $16,000 Od. $149,600

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