Bob is investing in a partnership with Jerry. Bob contributes equipment that originally cost P63,000, has a book value of P30,000, and a fair market value of P39.000. The entry that the partnership...

Bob is investing in a partnership with Jerry.<br>Bob contributes equipment that originally<br>cost P63,000, has a book value of P30,000,<br>and a fair market value of P39.000. The<br>entry that the partnership makes to record<br>Bob's initial contribution includes a *<br>O debit to Equipment for P33,000.<br>debit to Equipment for P63,000.<br>debit to Equipment for P39,000<br>credit to Accumulated Depreciation for<br>P33,000.<br>

Extracted text: Bob is investing in a partnership with Jerry. Bob contributes equipment that originally cost P63,000, has a book value of P30,000, and a fair market value of P39.000. The entry that the partnership makes to record Bob's initial contribution includes a * O debit to Equipment for P33,000. debit to Equipment for P63,000. debit to Equipment for P39,000 credit to Accumulated Depreciation for P33,000.

Jun 09, 2022

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Bob is investing in a partnership with Jerry. Bob contributes equipment that originally cost P63,000, has a book value of P30,000, and a fair market value of P39.000. The entry that the partnership...

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