At what amount will the building be recorded


Izabelle and Marta are forming a partnership. Izabelle will invest a piece of equipment with a book value of $5,000 and a fair market value of $15,000. Marta will invest a building with a book value of $30,000 and a fair market value of $35,000.

At what amount will the building be recorded?

 

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Accounting Basics: At what amount will the building be recorded
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