Equipment with an original cost of $39,000 has a fair market value of $34,000, current replacement cost of $41,000, and a depreciated value of $36,000 on December 31, 2010. At what amount would net equipment be measured on the December 31, 2010 balance sheet?
A) $38,000
B) $36,000
C) $41,000
D) $34,000
Correct Answer:
Verified
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