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How much is the equipment contribution of Lisa

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Question - On Dec 1, 2020 Jisoo invited Lisa to join her in his business. Lisa agreed provided that Anne will adjust the accumulated depreciation of her equipment account to a certain amount, and will recognize additional accrued expenses of P10,000. After that Lisa will invest additional equipment to make her interest at 45%. If the capital balances of Jisoo before and after adjustment were P139,000 and P121,000 respectively. How much is the equipment contribution of Lisa?

Reference no: EM132849876

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