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What the amount used in the buyer accounting records

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Question - Equipment with an estimated market value of $30,000 is offered for sale at $45,000. The equipment is acquired for $15,000 in cash and a note payable of $20,000 due in 30 days. What the amount used in the buyer's accounting records to record this acquisition?

a. $45,000

b. $35,000

c. $15,000

d. $30,000

Reference no: EM133039062

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