A Partner Invests into a Partnership a Building with an Original

question 194

Multiple Choice

A partner invests into a partnership a building with an original cost of $90,000 and accumulated depreciation of $40,000. This building has a $70,000 fair market value. As a result of the investment, the partner's capital account will be credited for

• A) $70,000.
• B) $50,000.
• C) $90,000.
• D) $120,000.

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Definitions:

Memorized Speaking

The act of delivering a speech or presentation from memory without the use of notes or prompts.

Appropriate Vocal Delivery

The use of one's voice in a manner that is suitable for the message being conveyed and the audience being addressed.

Articulation

The enunciation of speech sounds.

Presentation Aid

Any tangible item or image used to help communicate ideas to an audience.