Ryan Fuller, a sole proprietor, entered into a partnership with another individual. Fuller's investment in the partnership included equipment that cost $32,000 wgeb ut was purchased. The equipment has a book value of $13,000 and a net agreed-on value of $16,000. In the financial records of the partnership, this equipment and its accumulated depreciation should be recorded at:
a) $16,000 and $0, respectively
b) $13,000 and $0, respectively
c) $32,000 and $19,000 respectively
d) $16,000 and $3,000 respectively