andra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with...
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andra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with a book value of S7,s00 and a fair market value of $18,000. Kelsey will invest a building with a book value of $40,000 and a fair market value of $44,000 What amount will be recorded to Kelsey's capital account? a) s14,000 b) $24,000 c) s40,000 d) $44,000 Question 9 (1 point) a ccumulated depre ciation of $100,000 has been recorded / If similar equipment would cost $150.000 to replac he partners agree on a yaluation of $29.000 for the contributed equpment what amouat should be debited to the initial investment, Ray Blake contributes equipment that had originally cost $125,000 and on which
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