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What amount of equipment would appear on the balance sheet

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Question - Baker Enterprises acquired assets and liabilities assets and liabilities of Werner Company for Werner's book value at the balance sheet date. At that date, Baker's equipment had a net book value and market value ofP210,000 and P300,000, respectively while Werner's equipment had a netbook and market value of P70,000 and P70,000, respectively. What amount of equipment (net) would appear on the balance sheet?

Reference no: EM133143601

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