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Home Q & A Board Other Fields Homework Help Business Accounting
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TheFulcan TheFulcan
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5 years ago
Rodriguez and Ying start a partnership on July 1, 2017. Rodriguez contributes $4,100 cash, furniture with a current market value of $55,000, and computer equipment. The computer equipment originally cost $48,000 in 2015, with recorded accumulated depreciation of $28,000. The current market value of the computer equipment is $17,000. At what value should the computer equipment be recorded in the accounting records of the partnership?
A) $48,000
B) $17,000
C) $20,000
D) $28,000
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
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xonotesxonotes
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5 years ago
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TheFulcan Author
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#2
5 years ago
Commenting just to show my support for informative posts like this, keep it up 10/10
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#3
5 years ago
That helps more than you thinks, thanks for being so thoughtful
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