Raul Contributes the Following Assets to a Partnership for a 50

question 69

Multiple Choice

Raul contributes the following assets to a partnership for a 50% interest: $\begin{array}{lccc} & \text { Raul's Basis } & & \text { FIMV } \\ \text { Building }& \$ 75,00 0 & & \$ 125,00 \\ \text { Computer Equipment }& \$ 72,000 & & \$ 30,000 \\ \text { Total }& \$ 100,00 0 & & \$ 55,000 \\\hline\end{array}$ What is Raul's basis in his partnership interest?

• A)$0.
• B)$50,000.
• C)$100,000.
• D)$155,000.

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Definitions:

Anxious

Experiencing worry, unease, or nervousness, typically about an imminent event or something with an uncertain outcome.

Genotype

One’s genetic makeup, based on the sequencing of the nucleotides we term A, C, G, and T.

Phenotype

One’s actual development and appearance, as based on one’s genotype and environmental influences.

Resting Potential

The electrical potential across the neural membrane when it is not responding to other neurons.