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What is floyds beginning partnership and beginning

Question - What is Floyd's beginning partnership and beginning corporation basis? Cash 15,000, land cost 10,000 market value 15,000, building cost 120,000 market value 80,000, residual value 20,000, accumulated depreciation 5,000, mortgage on building 70,000.

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Accounting Basics: What is floyds beginning partnership and beginning

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