Dalworth and Minor Have Decided to Form a Partnership

question 170

Multiple Choice

Dalworth and Minor have decided to form a partnership. Minor is going to contribute a depreciable asset to the partnership as her equity contribution to the partnership. The following information regarding the asset to be contributed by Minor is available: Historical cost of the asset $276,000
Accumulated depreciation on the asset $140,000
Note payable secured by the asset and assumed by the partnership $118,000
Agreed-upon market value of the asset $245,000
Based on this information, Minor's beginning equity balance in the partnership will be:

• A) $276,000
• B) $158,000
• C) $136,000
• D) $127,000
• E) $18,000

---

Definitions:

Avoidant Personality Disorder

A psychiatric condition characterized by a long-standing pattern of extreme shyness, feelings of inadequacy, and sensitivity to rejection.

Schizoid Personality Disorder

A condition characterized by a long-standing pattern of detachment from social relationships and a limited range of emotional expression.

Difference

The distinguishing factor or characteristic that sets one thing apart from another.

Borderline Personality Disorder

A mental health disorder characterized by persistent instability in moods, behavior, self-image, and functioning, often resulting in impulsive actions and unstable relationships.