Question: Abel and Carr formed a partnership and agreed to divide initial capital equally, even though Abel contributed $100,000 and Carr contributed $84,000 in identifiable assets.

Abel and Carr formed a partnership and agreed to divide initial capital equally, even though Abel contributed

$100,000 and Carr contributed $84,000 in identifiable assets.

Under the bonus approach to adjust the capital accounts, Carr’s unidentifiable asset should be debited for

a. $46,000

b. $16,000

c. $ 8,000

d. $0

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