Multiple Choice
Andy and Ian formed a partnership on April 1,2019.Andy contributes equipment to the business that originally cost $82,000 and on which accumulated depreciation of $16,000 has been recorded.The current market value of the equipment is $74,000.The value of the equipment recorded in the partnership journal is ________.
A) $66,000
B) $74,000
C) $58,000
D) $82,000
Correct Answer:
Verified
Correct Answer:
Verified
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