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At what amount should the building be recorded

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Question - Benjy and Sace are forming a partnership. Benjy will invest a truck with a book value of $ 10.000 and a fair value of $ 14.000. Sace will invest in a building with a book value of $ 30.000 and a fair value of $ 42.000 with a mortgage of $ 15.000. At what amount should the building be recorded?

A) $27.000

B) $45.000

C) $30.000

D) $42.000

Reference no: EM132773607

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