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Ahmad and Ali agrees to establish new partnerships with total capital $150,000 divided equally if...

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Accounting

Ahmad and Ali agrees to establish new partnerships with total capital $150,000 divided equally if Ahmad transfer his own car costing $45,000 and accumulated depreciation for cars $10,000 and the market value of car is $40,000 and remaining should paid cash what are the cash amount should be paid from Ahmad

Select one:

a. 45,000

b. 40,000

c. 30,000

d. 35,000

Answer & Explanation Solved by verified expert
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