Business

Makenna Fields

2 August, 11:25

Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with a book value of $7,500 and a fair market value of $18,000. Kelsey will invest a building with a book value of $40,000 and a fair market value of $44,000. What amount will be recorded to the building account? a.$24,000 b.$44,000 c.$14,000 d.$40,000

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