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L. Hill invests the following assets in a new partnership: $15,000 in cash, and equipment...

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Accounting

L. Hill invests the following assets in a new partnership: $15,000 in cash, and equipment that cost $30,000 but has a book value of $17,000 adn fair market value of $20,000. Hil, capital will be credited for the cash value and the book value of the of the equipment

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