Examlex
On August 31,2011,Roberta acquired a 20 percent interest in Zelkova Company,a partnership,by contributing property with an adjusted basis of $8,500 and a fair market value of $15,000.The property was subject to a mortgage of $10,000,which was assumed by Zelkova Company.What is Roberta's basis in her partnership interest in Zelkova Company immediately after the partnership contribution?
Orlando
A city in central Florida, known for its theme parks, including Walt Disney World and Universal Studios.
Minnesota
A state located in the Midwestern United States, known for its large number of lakes and cold winters.
Distribution Center
A key facility in supply chain management where goods are received, stored, and then distributed to retailers or customers.
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