The KA Patnership has two partners, K and A who are equal partners in the partnership. The partnership has a December 31, 2023 year- end and has completed its first year of business operations. Mr. K provides you with the follow K and A contributed $50441 each at the inception of the partnership Net business income of the partnership for the current year is $44191 In addition to his salary, Mr. K withdrew $9646 from the partnership Based on this information,what is the adjusted cost base_(ACB) of Mr_ K's partnership interest on December 31, 20237

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To calculate Mr Ks adjusted cost base ACB of his partnership interest on December ... View the full answer