Question: Edward contributed $ 3 , 5 0 0 in cash for a 3 0 % ownership in ABC, a partnership. He also contributed a piece

Edward contributed $3,500 in cash for a 30% ownership in ABC, a partnership. He also contributed a piece of equipment, for which his adjusted basis was $11,500 and the FMV was $9,500.
His beginning basis in ABC is:
$3,500
$9,500
$13,000
$15,000

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