How much will equipment be debited for

Reference no: EM133655461

Question: Joe and Susan have formed a partnership, Joe contributed accounts receivable with a gross value of $25,000 and a net realizable value of $20,000 as well as equipment with cost of $85,000, a net book value (carrying amount) of $55,000 and a fair value of $75,000. How much will equipment be debited for?

Reference no: EM133655461

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