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Equipment with an appraisal value of 35 000 is offered for

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Equipment with an appraisal value of 35, 000 is offered for sale on 32, 00. The purchaser acquires it for 10,000 in cash and a 90 day 15,000 note payable. The amount to be recorded as the cost of equipment on the buyers book would be?

Reference no: EM13598590

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