Dalworth and Minor Have Decided to Form a Partnership

Multiple Choice

Dalworth and Minor have decided to form a partnership. Minor is going to contribute a depreciable asset to the partnership as her equity contribution to the partnership. The following information regarding the asset to be contributed by Minor is available: Historical cost of the asset $276,000
Accumulated depreciation on the asset $140,000 Note payable secured by the asset and assumed by the partnership $118,000 Agreed-upon market value of the asset $245,000
Based on this information, Minor's beginning equity balance in the partnership will be:

A) $158,000
B) $136,000
C) $276,000
D) $18,000
E) $127,000