Business, 08.06.2021 20:20, NijaNij

As part of the initial investment, Ray Blake contributes equipment that had originally cost $97,300 and on which accumulated depreciation of $72,975 has been recorded. If similar equipment would cost $140,300 to replace and the partners agree on a valuation of $48,800 for the contributed equipment, what amount should be debited to the equipment account

Answers: 3

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answered: lizzy6629

$48,800

Explanation:

the computation of the amount that should be debited to the equipment account is as follows:

Given that

The cost of an equipment is $97,300

the accumulated depreciation is $72,975

The replacement cost is $140,300

And, the valuation of the equipment is $48,800

So based on the above information, the amount that should be debited is equivalent to the valuation of the equipment i.e. $48,800

answered: Guest

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answered: Guest

Via: "if you are found to be supplying or dealing drugs, the punishment is likely to be tough. supplying drugs doesn’t just apply to dealers. if police suspect that you intend to share drugs with your friends, this is still considered to be supplying.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

- up to life in prison or an unlimited fine (or both) for a class a drug- up to 14 years in prison or an unlimited fine (or both) for a class b or class c drug."sorry if this was a school question, you didnt supply options so i assumed it was a personal question, which if it is, reconsider selling or having possesion of any drugs at all. i wish you the best!

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As part of the initial investment, Ray Blake contributes equipment that had originally cost $97,300...