What is the cost of equipment on the buyers book would be


Equipment with an appraisal value of 35, 000 isa offered for sale on 32, 00. The purchaser acquires it for 10,000 in cash and a 90 day 15,000 note payable. The amount to be recorded as the cost of equipment on the buyers book would be?

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Accounting Basics: What is the cost of equipment on the buyers book would be
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