A Partner Invests into a Partnership a Building with an Original

question 173

Multiple Choice

A partner invests into a partnership a building with an original cost of $360000 and accumulated depreciation of $160000. This building has a $280000 fair value. As a result of the investment the partner's capital account will be credited for

• A) $280000.
• B) $200000.
• C) $360000.
• D) $480000.

---

Definitions:

Top Managers

Guide the performance of the organisation as a whole, or of one of its major parts.

Strategic Decisions

High-level choices made by an organization's leadership that can significantly impact its overall direction and success, typically involving long-term planning and resource allocation.

Long-Term Plans

Strategy and objectives set for achieving goals over an extended period, often spanning years.

Useful Information

Data that is accurate, relevant, and timely, providing significant value to the decision-making process by enhancing understanding or reducing uncertainty.