What is the relevant measure of the value of the equipment


An Oklahoma City business paid $15,000 cash for equipment used in the business. At the time of purchase, the equipment had a list price of $20,000. When the balance sheet was prepared, the value of the equipment later rose to $22,000. What is the relevant measure of the value of the equipment?

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Accounting Basics: What is the relevant measure of the value of the equipment
Reference No:- TGS090820

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