As part of the initial investment, a partner contributes office equipment that originally cost N20,000 and on which provision for depreciation of N12,500 had been recorded. If the partners agree on a valuation of N9,000 for the equipment, what amount should be debited to the office equipment account?
-
A.
N7,500 -
B.
N9,000 -
C.
N12,500 -
D.
N20,000