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25. MC.01.80.ALGO (Algorithmic) Equipment with an estimated market value of $28,389 is offered for sale...

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Accounting

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25. MC.01.80.ALGO (Algorithmic) Equipment with an estimated market value of $28,389 is offered for sale at $49,561. The equipment is acquired for $15,785 in cash and a note payable of $22,944 due in 30 days. The amount used in the buyer's accounting records to record this acquisition is a. $28,389 b. $38,729 c. $15,785 d. $44,174

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