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What amount will be recorded to the building account

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Question - Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with a book value o $5,100 and a fair market value of $14,500. Kelsey will invest a building with a book value of $36,700 and fair market value of $71,000. What amount will be recorded to the building account?

Reference no: EM133072775

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