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What amount will be recorded to kelsey capital account

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Question - Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with a book value of $7,000 and a fair market value of $16,500. Kelsey will invest a building with a book value of $43,100 and a fair market value of $65,700. What amount will be recorded to Kelsey's capital account?

Reference no: EM132883234

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