Question: Use the information below to answer the question that follow. Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment

Use the information below to answer the question that follow. Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment

Use the information below to answer the question that follow. Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with a book value of $4,800 and a fair market value of $16,300. Kelsey will invest a building with a book value of $32,500 and a fair market value of $78,000. What amount will be recorded to the building account? Oa. $16,300 Ob. $78,000 Oc. $4,800 Od. $32,500

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