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 with

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 $5,800 and a fair market value of $10,100. Kelsey will invest a building with a book value of $45,500 and a fair market value of $71,700. What amount will be recorded to Kelsey's capital account?

a.$45,500

b.$10,100

c.$71,700

d.$5,800

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