Betty invests equipment with a cost of $100,000 and accumulated depreciation of $30,000 in a new partnership. The current value of the equipment is $105,000. The replacement value of the equipment is $135,000.
At what amount would the equipment be recorded in Betty's capital account?
$70,000
$105,000
$135,000
$100,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Betty invests equipment with a cost of $100,000 and accumulated depreciation of $30,000 in a new partnership. The current value of the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Hardware Suppliers reports net income of $157,000. Included in net income is a gain on the sale of land of $16,000.
Answers (1)
When a firm offers a very low price on a product to attract customers to a store and once in the store the customer is persuaded to purchase a higher-priced item, the practice is referred to as price discrimination. bait and switch.
Answers (1)
If you deposit $1,000 into a savings account that pays you 5% interest per year, approximately how long will it take to double your money?
Answers (1)
Monopolistic competition is similar to monopoly because A. in both industry structures, there are barriers to entry. B. in both industry structures, the firm's demand curve is downward sloping. C. both industry structures have many sellers. D.
Answers (1)
Tyler works as an accountant for a mid-sized retail store. he has just completed a successful trial balance. tyler's next task is likely to be
Answers (1)
New Questions in Business
Curly's Life Insurance. Is trying to sell you an investment policy that will pay you and your heirs $25,000 per year forever. If the required return on this investment is 6 percent, how much will you pay for the policy?
Answers (1)
The question "do you think someone around here might be justified in making a secret arrangement with one of the company's vendors?" is an example of what type of interview question?
Answers (1)
Businesses located in countries that have relatively weak domestic demand rarely make the leap to multinational enterprises because they must focus their attention on shoring up their economic positions in their home countries.
Answers (1)
Chris gets a call from a customer complaining that the copy machine he sold them is jamming all the time. Chris fears that the customer may not be trained effectively on how to replace a toner cartridge, so they think the machine is at fault.
Answers (1)
What is a business cycle? Group of answer choices a. It is a firm's pattern of sales during a given year. b. It is the economy's pattern of fluctuations in economic activity: expansion followed by contraction and then by another expansion. c.
Answers (1)