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A company purchased equipment for $ 2,000 cash. the seller stated that the equipment was worth $ 2,400. at what amount should the equipment be recorded? at $ 2,000 or $2,400? ju…

A company purchased equipment for $ 2,000 cash. the seller stated that the equipment was worth $ 2,400. at what amount should the equipment be recorded? at $ 2,000 or $2,400? ju…
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21 votes
A company purchased equipment for $ 2,000 cash. the seller stated that the equipment was worth $ 2,400. at what amount should the equipment be recorded? at $ 2,000 or $2,400? justify your answer​

asked
User Marty Lamb
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8.0k points

1 Answer

8 votes
2,400 is the correct answer
answered
User Nocash
by
8.1k points
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