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How much is the capital of Nhel right after the admission

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Question - Partners Nhel and Rey have a capital balances of 65,000 and 45,000 respectively. They decided to admit Vic into their partnership who shall give an equipment having a cost of 70,000, accumulated depreciation of 25,000 and fair value of 50,000, for a 30% interest in the partnership. How much is the capital of Nhel right after the admission?

a. 57,500

b. 57,750

c. 55,000

d. 50,000

Reference no: EM132857965

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