Question: Joseph contributed $ 2 3 , 7 5 0 in cash and equipment with a tax basis of $ 1 3 , 7 0 0

Joseph contributed $23,750 in cash and equipment with a tax basis of $13,700 and a fair market value of $17,400 to Berry Hill Partnership in exchange for a partnership interest.
b. What is Berry Hill's basis in the equipment?

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