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Izabelle and marta are forming a partnership izabelle will

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Izabelle and Marta are forming a partnership. Izabelle will invest a piece of equipment with a book value of $7,500 and a fair market value of $20,000. Marta will invest a building with a book value of $40,000 and a fair market value of $58,000.
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What amount will be recorded to the building account?

Reference no: EM13571696

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