As part of the initial investment, Ray Blake contributes equipment that had originally...
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Accounting
As part of the initial investment, Ray Blake contributes equipment that had originally cost $ and on which accumulated depreciation of $ has been recorded. If similar equipment would cost $ to replace and the partners agree on a valuation of $ for the contribu equipment, what amount should be debited to the equipment account?
a $
b $
c $
d $
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