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Problem 1: Sue and Andrew form SA general partnership. Each person receives an equal interest in the newly created partnership. Sue contributes $20,000 of cash and land with a FMV of $65,000. Her basis in the land is $30,000. Andrew contributes equipment with a FMV of $22,000 and a building with a FMV of $43,000. His basis in the equipment is $18,000, and his basis in the building is $30,000. How much gain must the SA general partnership recognize on the transfer of these assets from Sue and Andrew?
Option 1: $52,000. Option 2: $0. Option 3: $4,000. Option 4: $48,000.
What would motivate a client to purchase your product instead of your competitor's product? The client feels like the product brings value to his life.
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