Question: Pascal contributes the following assets to a partnership for a 50% interest: Pascal's Basis FMV Building $ 80,000 $ 130,000 Computer Equipment $ 25,000 $
Pascal contributes the following assets to a partnership for a 50% interest: Pascal's Basis FMV Building $ 80,000 $ 130,000 Computer Equipment $ 25,000 $ 30,000 Total $ 105,000 $ 160,000 What is Pascal's basis in his partnership interest
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