Multiple Choice
A partner invests into a partnership a building with an original cost of $360000 and accumulated depreciation of $160000. This building has a $280000 fair value. As a result of the investment the partner's capital account will be credited for
A) $280000.
B) $200000.
C) $360000.
D) $480000.
Correct Answer:
Verified
Correct Answer:
Verified
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