Harvey and Quick Have Decided to Form a Partnership

Multiple Choice

Harvey and Quick have decided to form a partnership.Harvey is going to contribute a depreciable asset to the partnership as his equity contribution to the partnership.The following information regarding the asset to be contributed by Harvey is available: Based on this information,Harvey's beginning equity balance in the partnership will be:

A) $76,000
B) $36,000
C) $18,000
D) $27,000
E) $45,000