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Dalworth and Minor have decided to form a partnership. Minor is going to contribute a depreciable asset to the partnership as her equity contribution...

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:


  • $276,000
  • $158,000
  • $136,000
  • $127,000
  • $18,000

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