Chapeter 16 assignment.xlsx - 23 Alice Betty Corl cash equipment FMV Adjusted basis acc rec 24 a Partnership income net income write off b Alice Betty

Chapeter 16 assignment.xlsx - 23 Alice Betty Corl cash...

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23 Capital Alice cash $ 10,000 $ 10,000 Betty equipment $ 10,000 FMV $ 10,000 Adjusted basis $ 5,000 Corl acc rec $ 10,000 $ 10,000 24 a Partnership income net income $ 10,000 write off $ (1,000) $ 9,000 b ordinary incomewise they broke even Alice $ (500) income less dep Betty $ - Carol $ 9,500 she has reveiv (need to s

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